Husch Blackwell LLP recently the following announcement.
Agricultural loan renewal season is upon us. The 2019 trade wars and the 2020 COVID-19 pandemic have been brutal for farmers, ranchers and other participants in the agricultural economy. Commodity prices have fallen from their historic highs of a few years ago, and there is no sign that such prices will be obtained anytime soon.
Negative cash flows coupled with eroding equity positions are jeopardizing the viability of many loans. Given this critical stage of the agricultural economy, it is essential that, more than ever before, lenders make smart decisions regarding agricultural loans that may be distressed.
Join us for a program that will address several practical items lenders can and should be doing as they not only consider loans that are up for renewal but also loans that will not be renewed and may move into the workout phase. We will also highlight key findings from academic research that may assist lenders in their decision methodology as they navigate some of these challenging issues.
Presenters:
Michael Fielding, Partner
Stephanie E. Kaiser, Partner
Date: December 8, 2020
Original source can be found here.