Documenting & Perfecting
Farm & Livestock Loans

(90-minute webinar – recording also available)

Thursday, May 21, 2020

12:00 PM Pacific          1:00 PM Mountain

2:00 PM Central           3:00 PM Eastern

Agricultural loan collateral… a horse of a different color?  Learn the ins and outs of properly documenting ag loans and how to perfect your security interest using a variety of collateral options. 

AFTER THIS WEBINAR YOU’LL BE ABLE TO:

• Prepare proper loan documentation for agricultural loans
• Properly perfect your institution’s security interest in agricultural collateral
• Use the special rules to obtain a purchase money security interest in livestock
• Define what is covered by “farm products” under UCC Article 9
• Understand the anti-assignment restrictions and specific requirements for obtaining a security interest in federal government payments

WEBINAR DETAILS

Community banks frequently make farm, livestock, and other types of agricultural loans.  Oftentimes, these loans are actually lines of credit that the farmer or rancher can draw on to finance growing crops or raising livestock.  In addition, the bank generally obtains a security interest in other collateral, such as real estate, equipment, government payments, and farm products.  This webinar will explain the proper loan documents and methods for perfecting a security interest in the various types of farm, livestock, and other agricultural collateral.  It will also address how to obtain a security interest in USDA and other federal government payments.

WHO SHOULD ATTEND?

This informative session is designed for loan officers, loan operations personnel, compliance staff, managers, auditors, and others that deal with farm, livestock, and other types of agricultural loans. 

TAKE-AWAY TOOLKIT

• Sample loan closing checklist identifying the loan documents and other items needed for agricultural loans
• Employee training log
• Interactive quiz 

     MEET THE PRESENTER - Elizabeth Fast, JD, CPA, Spencer Fane LLP

Elizabeth Fast is a partner with Spencer Fane LLP where she specializes in the representation of financial institutions.  Elizabeth is the head of the firm’s training division.  She received her law degree from the University of Kansas and her undergraduate degree from Pittsburg State University.  In addition, she has a Master of Business Administration degree and she is a Certified Public Accountant.  Before joining Spencer Fane, she was General Counsel, Senior Vice President, and Corporate Secretary of a $9 billion bank with more than 130 branches, where she managed all legal, regulatory, and compliance functions.  She is a member of the Missouri State Banking Board by appointment of the Governor.

Note: All materials are subject to copyright. Transmission, retransmission, or republishing this webinar to other institutions or those not employed by your financial institution is prohibited. Print materials may be copied for eligible participants only.

THREE REGISTRATION OPTIONS

1. LIVE WEBINAR

The live webinar option allows you to have up to three internet connections. Registrants receive a website address and passcode that will allow entrance to the seminar. The session will be approximately 90 minutes, including question and answer sessions. Seminar materials, including instructions, passcode, and handouts will be emailed to you prior to the broadcast. You will need the most-current version of Adobe Reader available free at www.adobe.com. 

2. RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Can’t attend the live webinar? This option provides a recording of the live event, including audio, visuals, and handouts. We even provide the presenter’s email address for follow-up questions. You will receive an email with the recorded webinar link, which can be viewed anytime 24/7, beginning 2 business days after the webinar. You will also receive instruction on how to download a free digital copy of the webinar to your PC, which you may keep and use indefinitely.

3. BOTH LIVE WEBINAR & RECORDED WEBINAR + FREE DIGITAL DOWNLOAD

Options 1 and 2 described above.

 AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE