Courtesy of NAA:
The National Agricultural Law Center is hosting a free webinar entitled, Distressed Loan Servicing and Borrower Rights in the Farm Credit System. The presenter will be Bob Mikell, Executive Vice President and General Counsel, at AgSouth Farm Credit. He will discuss borrower rights and challenges.
Date: Wednesday, April 16, 2025
Time: 12:00 p.m. – 1:00 p.m. (ET)
Click Here to Register
As U.S. producers face growing economic uncertainty, tariffs, rising input costs, and more, it’s important that farmers, ranchers and those across the industry know how to navigate financial distress. According to the America Farm Bureau Federation, from 2023 to 2024, Chapter 12 bankruptcies for U.S. farms increased 55 percent, underscoring the mounting challenges faced by producers.
“The agricultural industry continues to face challenges with financial strain impacting producers and others across the country,” said Bob Mikell. “With economic challenges persisting, understanding distress loan servicing options and borrower rights within the Farm Credit System is increasingly important for farmers, ranchers and other borrowers.”
The Farm Credit System was established in 1916 to provide credit and financial services to rural communities and agriculture. As of June 30, 2024, FCS held $421 billion in outstanding debt — a 6 percent increase over the previous 12-month period, according to the Farm Credit Administration.
Post a comment