Overview
We work on smaller bilateral financings for the rural customers of the Farm Credit System, as well as larger, syndicated and other complex financings for big cooperatives, regional, national, and international agribusiness concerns, and public companies. Our experience includes acquisition financings, project finance, asset-based lending, and workouts and restructurings. With clients across the country, we bring an understanding of the unique aspects and requirements of the Farm Credit System such as eligibility issues and patronage payments. The financings are often multi-tranche, syndicated financings and many involve commercial banks, insurance company lenders and/or ag-focused funds, as well as Farm Credit System institutions.
Our attorneys recognize the Farm Credit System’s customer-focused mentality and serve as partners with not only our Farm Credit System client, but the borrower as well. Familiarity with and deep knowledge of the patronage system and syndication mechanisms used by Farm Credit System institutions is valuable in all aspects of a transaction – from early-stage structuring to drafting loan documentation – and we often help educate borrowers and their counsel on the nuances of the Farm Credit System and how the provisions work in practice.
