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In a Chapter 12 bankruptcy, the Bankruptcy Court protected the ability of a farmer to receive crop subsidies from the U.S. Department of Agriculture (“USDA”) even if the farmer’s loan is in default. Outside of bankruptcy, the USDA had the right to set-off the payment. In bankruptcy, the farmer may receive some much-needed liquidity. In […]
On October 19, 2018, President Trump issued a Presidential Memorandum directing Federal Agencies to work together to reduce burdens on Western Water deliveries. The goal of the memorandum is to reduce regulatory burdens and improve water reliability. The Memorandum stated that it would benefit major water infrastructure projects. However, the focus of the memorandum was […]
Agricultural Lending Institutions are Consolidating Consolidation has been a trend in financial institutions for years, but no sector has experienced a greater amount of consolidation than banks in rural America. In the 1980’s there were approximately 15,000 community banks serving local communities – currently there are less than 5,000. Since 2010, mergers increased from 173 […]
In early August, former President Barack Obama signed a new law requiring the labeling of food that contains genetically modified organisms (“GMO”). It is estimated that 75-80% of food sold in the United States contains some type of GMO. We know the law had both bi-partisan support and bi-partisan opposition. We know the law preempts […]
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