November 2009
Country Counsel by: Robert Moore
THE vast majority of farmers use loans to help with cash flow and purchasing assets. Along with this financing inevitability comes uniform commercial code filings, mortgages and various other forms of security agreements. These documents are extremely important as they provide the lender with collateral for the loans, without which the lender likely would no lend money. However, these documents also greatly affect the rights the farmer has in his or her own assets and should be well understood before being signed…Download full article here.
