Joe Peiffer was recently quoted in the Wall Street Journal in an article entitled “Farmers in Crisis Turn to High-Interest Loans as Banks Pull Back.” You can read the full article here: WSJ 11/10/2019 or read the highlights below: “Some bankruptcy attorneys said costlier terms from nonbank lenders can make it hard for farmers to […]
Economy
Farms on the Margins: Debt Figures Raise Questions of Whether Farm Debt is on Cruise Control
Joe Peiffer recently chatted with Chris Clayton of Progressive Farmer/DTN regarding the current farm situation. Article: https://www.dtnpf.com/agriculture/web/Ag/news/business-inputs/article/2019/03/19/debt-figures-raise-questions-whether Excerpts: “Right now, we’re having many people find out shortly before they have to pay rent that they aren’t going to have financing,” said Peiffer, who works with farmers in Iowa and Illinois. Some of these farmers needed millions […]
Crisis Resources
Farming is good honest work, but it can be stressful and bad situations can feel overwhelming. Crisis may be as close as next harvest, or a bank not renewing the crop note. If you’re feeling like you don’t have what it takes to keep going, ask for help; there are resources available to people just […]
Joe Peiffer on the Big Show – Cash Flows
Joe Peiffer had the opportunity this week to talk with Doug Cooper on The Big Show regarding cash flows. Listen below! DC: There was some concern going into this year’s planting season that some farmers may have some cash flow issues with their bankers. Joe Peiffer is a bankruptcy lawyer with Ag & Business Legal […]