Today is the National Day of Mourning for Former President Jimmy Carter

Today, the nation is pausing to remember the late President and humble peanut farmer, Jimmy Carter.

It is the National Day of Mourning, with the former President’s funeral today. Carter has been lying in state in the Capitol Rotunda and is currently making his way across D.C. right now.

A National Day of Mourning means there will be shakeups in the markets. Equities are closed, with commodity markets wrapping up at 12:15 PM Eastern.

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Financial matters in farming can be frustratingly complicated, especially when it comes to the process of filing for bankruptcy. That is the topic tackled in today’s blog post by Farm-Legal Expert Roger A. McEowen—the definition of “insolvency” for purposes of the exclusion from income of CODI.
The “farm products rule,” and the 1985 Farm Bill modification and its application – that is the topic of today’s blog post from Agri-Legal Expert Roger McEowen.
Now that Washington lawmakers have passed a 45-day stopgap, they have some breathing room to work through some hot-button topics like the high cost of the upcoming Farm Bill, which is due in large part to the funding necessary to support the Nutrition Title.
A recent news story involving a group of farmers in Mississippi reveals the potential downside of selling grain under a deferred payment contract. The risk of deferred payment ag commodity sales and what can be done for protection—that is the topic of today’s blog post.
Recently, a bank in Texas got confused on the financing rules governing agricultural crops and lost its security interest as a result. Ag financing and priority rules among competing security interests—that is the topic of today’s post.