Are thoroughbred racehorses farm products?

There is an interesting ag finance rule involving the sale of collateralized farm products, which is generally defined as an “agricultural commodity.”

However, a recent court case from Kentucky brings into question of whether thoroughbred racehorses are farm products.

Roger McEowen with the Washburn School of Law spoke with RFD-TV’s own Tammi Arender on the Farm Products Rule background, how it impacts ag communities, and highlights from the Kentucky case.