April 2019
Feature Article
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The Thrill Is Gone: Special Concerns for Agribusiness Lenders
The financing of a commercial farming operation presents unique issues for lenders, regardless of their status as secured, potentially secured, or unsecured.1 Many of these issues are intrinsic to production agriculture. Others are the product of special legislation. Still others are attributable to the increased concentration and integration of commercial agricultural operations in the 21st […]
More from this Issue
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Concerns Grow Over New Farm Crisis
Thomas Jefferson recognized more than a century ago that “agriculture is our wisest pursuit, because it will in the end contribute most to real wealth, good morals and happiness.” Today, agriculture, food, and related industries contribute more than $1 trillion to U.S. GDP. They account for more than 20 million jobs—more than 10 percent of U.S. employment. This wise […] -
How Your Investment in TMA Membership Pays Dividends
In an age where everything moves so fast, ours has become a culture characterized by immediacy. We have essentially come to expect everything on demand because we can get almost anything on demand. We often carry these same expectations into our business dealings and demand immediacy there as well. If we join an organization like […] -
Improving Your TMA Experience
My first few months as TMA Global president have been extremely rewarding and informative. It has been a pleasure interacting with TMA Global volunteer leaders and staff, attending various chapter events and meeting chapter leadership, and spending time with our professionally diverse membership. I have felt welcomed at each event and walked away with ideas […] -
The Thrill Is Gone: Special Concerns for Agribusiness Lenders
The financing of a commercial farming operation presents unique issues for lenders, regardless of their status as secured, potentially secured, or unsecured.1 Many of these issues are intrinsic to production agriculture. Others are the product of special legislation. Still others are attributable to the increased concentration and integration of commercial agricultural operations in the 21st […] -
Conditions Are Ripe for U.S. Farm Crisis 2.0
Many insolvency industry gray beards who live in states where agriculture is a major industry will remember the 1980s farm crisis. That’s when agriculture loan default rates exceeded 6 percent, many family farms were lost forever to foreclosure, Farm Aid Concerts were held to help financially strapped family farmers, and Congress enacted Chapter 12 of […] -
Many Farms and Ranches Are in Survival Mode
Times were good for U.S. corn producers back in 2012, when prices stood at $7 a bushel. But since then, producers have watched as $7 fell to below $4, where prices have remained for nearly five years. Like corn, other farm commodities are also feeling the pain of depressed prices. Soybeans, wheat, cotton, and other […] -
What Advisors to Agricultural Producers Need to Know About Loan Workouts
Financial publications such as the Wall Street Journal have been running articles on rising distress among agricultural producers. Many turnaround professions, particularly those in the Midwest, have seen an uptick in the number of farm bankruptcies and foreclosures. While it does not appear this cycle will be as bad as the late 1980s farm crisis, […] -
Shane O’Grady: Well Versed
Shane O’Grady is vice president, client development, with Celtic Capital Corporation, which specializes in asset-based financing from $500,000 to $5 million for manufacturers, wholesalers, distributors, and service providers throughout the United States. He is a member of the TMA Arizona Chapter’s board of directors. Q: What might people who only know you in your professional […] -
TMA Talks: Making Connections through the TMA Romania Chapter
Welcome to TMA Talks, a regular series of podcasts hosted by TMA Global CEO Scott Y. Stuart, Esq. Each segment features prominent TMA members, industry experts, and other special guests. These exchanges, edited transcripts of which are printed in the JCR, offer insights into key markets, forward-thinking economic outlooks, insider thoughts on industry trends, and much more. TMA Talks […] -
Milestones
Bryan Segedi, formerly of Ernst & Young, and Anne Taylor, formerly of Deloitte, have been named to Conway MacKenzie’s board of directors as independent directors. Segedi spent more than 30 years with Ernst & Young LLP, ascending to deputy global vice chair of Assurance services, where he was responsible for more than 77,000 professionals and […] -
Newcomers: April 2019
Arizona Adam T. Keck, FSW Funding Michael Marsh, Lee & Associates | Commercial Real Estate Services Ryan Wood, FTI Consulting Atlanta Frederick B. Beilstein III, The Beilstein Group LLC California – Northern George A. Arce Jr., Centers Dynamic Partners Inc. Amanda Cui, BPM Colin Hooper, Baker Tilly Virchow Krause, LLP Derek Rosenstrauch, CIBC Asset Based Lending California – Southern Martin Arzac, Clearlake […]
Snapshot Article
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