Welcome to Episode 2 of Advancing Agriculture with your hosts, Stephanie E. Kaiser and Elizabeth Benefield, where we will discuss practical tips and advice on various topics related to ag lending.
Welcome to Episode 2 of Advancing Agriculture with your hosts, Stephanie E. Kaiser and Elizabeth Benefield, where we will discuss practical tips and advice on various topics related to ag lending.
In this two-part series, we will discuss security interests in agricultural lending and some of the issues a creditor may face in perfecting, maintaining, and protecting those interests. This episode will provide a summary of Article 9 of the UCC, which provides guidance on the creation and enforceability of security interests in personal property and fixtures, and will discuss how a creditor can create an enforceable security interest on collateral under Article 9. In addition, we will discuss ways a creditor can perfect its security interest to provide rights against other creditors, steps to protect security interests, strategies to keep financing statements current, and how to plan for and address a change in location of collateral.
Part 2 of Article 9 Challenges, available soon, will continue this discussion and cover the Food Security Act.