The secured lending process can be complicated when collateral includes farm products or other property involved in agricultural pursuits. Many states have special liens for a variety of farming transactions. Even federal law plays a role in determining perfection and priority when farming is involved. The interaction of Article 9 with other state and federal law can be perplexing to lenders and legal professionals alike.
Join us to learn more about the issues of perfection and priority when the collateral includes crops, livestock or other property used in farming operations. The topics include Article 9 rules for agricultural collateral, the Food Security Act and statutory agricultural liens. Along the way this presentation will offer best practice suggestions for UCC filing, searches and compliance with federal law when the transaction involves farm-related collateral.