TOPEKA, Kan. (RFD-TV) — With a government shutdown delaying a potential aid package for farmers, many in the ag sector are growing concerned about the future of the Farm Bill and the timing of federal relief efforts.
RFD-TV farm legal and taxation expert, Roger McOwen, with the Washburn School of Law, joined us on Wednesday’s Market Day Report to share his perspective on what farmers can expect from the delayed aid package.
In his interview with RFD-TV News, McOwen discussed the uncertainty surrounding the relief package, noting that details may remain on hold until the shutdown is resolved. He also addressed the increasing interest among producers in agricultural liens as a financing option to cover operational costs during challenging times.
McOwen also explained the basics of how ag liens work, outlined the main categories, and clarified what happens when multiple creditors hold liens on the same property.
Farm-Level Takeaway: Understanding lien rules and prioritizing clear communication with lenders is critical to navigating the current financial pressures in agriculture.
LEARN MORE: Firm to Farm — On-Farm Processing Facilities; Ag Liens; Gifting Equipment; and Portability
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