Und - Iowa Pork Producers Association

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IOWA AG SUPPLY DEALER LIEN • Feed, seed, chemicals, fertilizer • Lien on crops and livestock • File UCC-1 within 31 days of purchase • May file after these deadline dates, but won’t have priority over previously filed UCC-1’s • Lien in livestock feed has priority over earlier perfected lien or security interest for amount greater than acquisition price of livestock 26
IOWA AG SUPPLY DEALER LIEN • Certified letter to secured parties – sufficient net worth or line of credit? • ASDL for feed: Letter to secured parties not required to have priority over earlier perfected lien or security interest • Other ASDLs (seed, chemicals, fert.): • Certified letter to secured parties required • Equal priority to prior perfected lien or security interest for 27
Page 1 and 2: UNDERSTANDING CONTRACTS AND LIENS I
Page 3 and 4: SWINE CONTRACTS • Packers & Stock
Page 5 and 6: CONTRACTS - GIPSA FINAL RULE • US
Page 7 and 8: DEFINITIONS Additional capital inve
Page 9 and 10: ADD’L CAP. INVEST. CRITERIA • W
Page 11 and 12: ADD’L CAP. INVEST. CRITERIA •Wa
Page 13 and 14: REASONABLE PERIOD OF TIME TO REMEDY
Page 15 and 16: ARBITRATION •Any marketing or pro
Page 17 and 18: ARBITRATION Criteria GIPSA may cons
Page 19 and 20: LIVESTOCK FEEDING CONTRACTS - INSUR
Page 21 and 22: LIVESTOCK FEEDING CONTRACTS - INSUR
Page 23 and 24: LANDLORD’S LIEN • Also file in
Page 25: IOWA CONTRACT GROWERS LIEN • Prod
Page 29 and 30: IOWA AG SUPPLY DEALER LIEN • Dec.
Page 31 and 32: LIENS - LIVESTOCK OWNERS • Contra
Page 33 and 34: LIENS Products sold - first priorit
Page 35 and 36: ENTERING INTO OR MODIFYING A CONTRA
Page 37 and 38: ENTERING INTO OR MODIFYING A CONTRA
Page 39 and 40: CONTRACT DEFAULT • Force majeure
Page 41 and 42: CONTRACT DEFAULT • Right to rebut
Page 43 and 44: CONTRACT DEFAULT • Termination of

Und - Iowa Pork Producers Association

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