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Agricultural Law News
  
  

May 17, 2022

In this issue:

  

  

  
   Farmer in Field with Laptop   

Implications of the Forthcoming Corporate Transparency Act

Robert A. Hamor

The Corporate Transparency Act (CTA), signed into effect in early 2021, is set to dramatically change reporting requirements for small and medium-sized businesses and organizations.

For the first time ever, the legislation will mandate that qualifying businesses self-report information about the people who lead or have influence over them, as well as information about the business itself. All the information will be added to a federally managed database with criminal penalties for violations...

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   Weather Station in Field   

Agricultural Groups Seek Extension to Commenting Period Regarding Proposed SEC Rule

Michael C. Zahrt

Recently, more than a hundred different agricultural interest groups have asked the Securities and Exchange Commission (SEC) for a 180-day extension to submit comments on a proposed rule that would require publicly traded businesses to report climate efforts.

The proposed rule, entitled “The Enhancement and Standardization of Climate-Related Disclosures for Investors,” has sparked concerns among those in the agricultural industry because of the potential impact on farmers and ranchers...

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   Taking Picture of Horse at Auction   

Common Characteristics of Equine Sale Disputes—And Ways to Avoid Them

Julie I. Fershtman

Equine sales are on the upswing these days, and many believe we’re now in a seller’s market, with high prices and eager buyers. As a busy lawyer with over 35 years of experience, my phone rings frequently with calls from horse buyers or sellers who are considering a lawsuit or who have been threatened with one. 

Based on these inquiries, here are five common characteristics of equine sale disputes...

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John Deere Set to Expand Self-Repair Options

Michigan Farm News

John Deere will offer new tools to customers looking to make repairs to their own equipment staring in 2023.

The company recently announced it will “enhance the capabilities” of existing diagnostic tools and expand their availability. That starts with a mobile device interface and the ability to download software updates directly to some Deere equipment that has 4G connections...

  

  

  
  

Preparing to Speak to a Lender: An SBA Roundtable

Michigan SBDC

Before you apply for a business loan, first attend this free financing roundtable. This roundtable will debunk the myths and demystify the process of small business financing. The "team" is a banker, an SBA representative, an SBA business counselor, and business owners like you.

You will get first hand information on what credit criteria your banker has. The team will answer all of your financing questions and give you advice on what steps to take to achieve your goal of starting or expanding a business. The team will explain how the SBA loan guarantee can work for you. The roundtables are best suited for those who have good credit, a solid business idea, and some money to invest in the business.

  • When: Tuesday, June 14, 2022 from 11 am - 1 pm
  • Cost: Free

See more information on registration here.

  

  

Lansing

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Grand Rapids

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Detroit

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Holland

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St Joseph

  

Foster Swift Collins & Smith, PC E-Newsletters are intended for general information for our clients and friends. This newsletter highlights specific areas of law and is not legal advice. The reader should consult an attorney to determine how this information applies to any specific situation.

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