This blog has previously covered the problems that agricultural supply dealer liens pose for financial institutions with “blanket” liens on agricultural operations. Last Friday, the Iowa Supreme Court affirmed yet another example of how numerous those holes in the blanket are in Quality Plus Feeds, Inc. v. Compeer Financial, FLCA.
The case began like…
On April 17, 2020, the Iowa Supreme Court issued a ruling in MidWestOne Bank v. Heartland Co-op regarding competing claims by a secured lender and a grain elevator for the costs of storing and drying grain. The Court affirmed the district court’s opinion in part and reversed in part.
Background
The Harkers are row crop…
As of today, April 8, 2020, it is legal to grow, possess, buy or sell hemp in Iowa. This includes hemp-derived CBD products which comply with federal law. Federal law still prohibits the use of CBD in food and drug products under the Food, Drug & Cosmetic Act. In order to comply with the…
Farmer sentiment plummeted in March as a result of the global COVID-19 pandemic. The 47 point drop from February to March was the sharpest one-month decline seen since the Ag Economy Barometer began tracking farmer sentiment in 2015. Farmers cited the impact of the coronavirus crisis on profitability for 2020 and farmland values as…
