Joe Peiffer appeared on The Big Show yesterday, 3/17/2021, to talk with Andy Peterson about farm business. You can listen to the interview and read the transcript below. Andy Petersen: Let’s talk a little ag business on The Big Show today with Joe Peiffer, Ag & Business Legal Strategies. Good friend of The Big Show […]
Financial
Economic Relief and Incentives for Small Employers: Three Loans, Two Credits
Congress has given small employers several options to help them weather the economic effects of the COVID-19 pandemic: 1. Immediate SBA Emergency EIDL Grants. These $10,000 grants that will be available through your local bank (if an SBA authorized lender). Once they get their heads around the program, you should be able to get the money […]
Joe Peiffer Quoted in Debtwire Article
31 December 2019 | 12:27 EST Farm bankruptcies hit nine-year high; impact of higher debt cap remains unclear Chapter 12 family farm bankruptcy filings soared in 2019 to their highest level since 2010 as unusually brutal weather heaped more stress on an agriculture sector already reeling from the trade war with China and multiple years […]
Farmers In Crisis
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 […]
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 […]
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 […]
Joe Peiffer on the Big Show
Joe Peiffer recently chatted with Doug Cooper, one of the hosts of the Big Show on WMT and other midwest radio stations, about the changes in Chapter 12 bankruptcy laws and the current farm economy. Here are the first two segments of that interview (We will update this post when more segments have aired). If […]
Tough Financial Times in Agriculture and Lending Clauses – Peril for the Unwary
Overview The farm economy continues to struggle. Of course, certain parts of the country are experiencing more financial trauma than are other parts of the country, but recent years have been particularly difficult in the Corn Belt and Great Plains. Aggregate U.S. net farm income has dropped by approximately 50 percent from its peak in […]