December 2022
Feature Article
-
Tough Row to Hoe Ahead for the Agriculture Industry
The American agricultural industry is considered the breadbasket of the world. The U.S. is the world’s largest exporter of cereal grains and can produce enough food to feed the U.S. population twice over.1,2 Yet trouble is brewing in the industry. Global food prices reached an all-time high in 2022. U.S. food prices have increased 11.4% […]
More from this Issue
-
Agriculture in Uncertain Times
You can’t eat cryptocurrency, and you can’t drink crude oil. The cultivation of plants and animals for human consumption —i.e., agriculture—represents one of mankind’s few truly indispensable activities. Eliminate modern agriculture, and civilization disappears, along with all its high-tech marvels, its instantaneous communications, and most of its 8+ billion people. For that reason, everyone living […] -
TMA Roared Back Stronger Than Ever in 2022
In the blink of an eye, 2022 is just about behind us, and so much has occurred this year that speaks to the beacon of light that is TMA. Roaring back from the pandemic, we started our year of Innovation through Disruption with great grandeur at the 2022 Distressed Investing Conference, and things just took […] -
Planting Seeds, Cultivating Leaders, and Harvesting Value
This month’s issue of the Journal of Corporate Renewal highlights the very important agriculture industry. With food prices rising, uncertainty surrounding Ukraine grain shipments, and the plight of farmers so often in the news, agriculture becomes an even more critical industry in which turnaround and restructuring professionals can apply their skills to save jobs and […] -
Tough Row to Hoe Ahead for the Agriculture Industry
The American agricultural industry is considered the breadbasket of the world. The U.S. is the world’s largest exporter of cereal grains and can produce enough food to feed the U.S. population twice over.1,2 Yet trouble is brewing in the industry. Global food prices reached an all-time high in 2022. U.S. food prices have increased 11.4% […] -
Key Advantages of Chapter 12 Bankruptcy for Struggling Family Farmers
American family farmers and family fishermen1 are not immune to the effects of the current condition of the general economy. A recent industry analysis indicates that the three most pressing concerns of respondents surveyedin September 2022 were: 1) higher input costs; 2) rising interest rates; and 3) availability of inputs.2 These factors are squeezing family […] -
Working with Agricultural Enterprises: Understanding the Lay of the Land
The essence of agriculture is converting energy from the sun into feed, food, fuel, and fiber. In a letter to George Washington, Thomas Jefferson described agriculture as “our wisest pursuit, because it will in the end contribute most to real wealth, good morals, and happiness.” Many agricultural enterprises are multigenerational family businesses that have evolved […] -
Food Fight: A Clash of Conflicting Grain Statutory Schemes
In re Express Grain Terminal, LLC1 highlights clashes between Articles 2, 7, and 9 of the Uniform Commercial Code (UCC); clashes between the UCC and the federal Food Security Act (FSA); and clashes between Article 7 of the UCC and state laws regulating grain elevators. Express Grain Terminal LLC (EGT) filed for orderly liquidation relief […] -
Considerations in Financing Florida-Based Citrus Enterprises
Since its beginnings as a niche tangerine and specialty citrus packer in 1927, the companies have grown through an effective balance of tradition and entrepreneurial spirit and are now managed by members of the third and fourth generations of the founding family. Based in Winter Haven, Florida, the companies are vertically integrated agribusinesses specializing in […] -
A Korean Cowboy
Q: How did you gravitate into turnaround/restructuring work? KIM: My dad was in the plastic injection molding business for most of his professional career, and he had sold a business. He was semi-retired by the time my younger brother and I were around 10 and 12. My dad had gone through the restaurant business with his […] -
Newcomers: December 2022
Alabama Michael C. Stone, Porter White & Company Inc. Arizona Ben Gardier Jared Hirschl, Resolute Commercial Services Atlanta Jenny Hwang John R. Noland, Emory University Sean B. O’Donovan California – Northern Albert J. Brandano, White Oak Global Advisors LLC John D. Fiero, Pachulski Stang Ziehl & Jones LLP Andrew Kitirattragarn California – Southern Max Goldberg, Riverside Company Francine Gordon […]
Snapshot Article
Upcoming
2024 TMA Annual Conference
October 15 – 18, 2024
Loews Philadelphia
Philadelphia, PA