Trump Tariffs Impacting Farmers. Are Your Ag Loans OK?
Posted on 07/26/2018 at 04:17 PM by Howard Hagen
Since the tariff announcements, soybean futures are down 20 percent and pork futures are declining. Meanwhile, the Trump administration has announced a three-part plan to help offset the economic uncertainty the trade war is bringing to Iowa’s agriculture industry.
Will it be enough? As the rapid price changes affect more and more producers, now is the time to protect your bank by buttoning up your agriculture loan files.
The attorneys at Dickinson Law are able to help you find the problems in loan files and deal with the fallout if global turmoil forces distressed farming operations into foreclosure or bankruptcy. Our Avoiding Aggravation in Ag Lending series highlights the items you need to monitor when it comes to agricultural loans.
The material in this blog is not intended, nor should it be construed or relied upon, as legal advice. Please consult with an attorney if specific legal information is needed.
- Howard Hagen
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