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| Illinois Grain Insurance Fund: Protecting Farmers if an Elevator Fails
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| Donald L. Uchtmann and A. Bryan Endres |
| ALTB_08-05, July 2008 |
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Abstract
This article describes the protections provided to farmers and lenders by the Illinois Grain Code in the event an Illinois-licensed grain elevator fails.
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Click here for Adobe's PDF format.
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| Grain Contracts, High Prices, Floods and Failure to Deliver
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| Donald L. Uchtmann, A. Bryan Endres and Stephanie B. Johnson |
| ALTB_08-04, July 2008 |
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Abstract
This article addresses important contract law questions that arise when a farmer’s crop is lost to floodwaters or when market prices rise much higher than the forward contract prices established months earlier.
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Click here for Adobe's PDF format.
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| THE REVISED ILLINOIS GRAIN CODE: GREATER PROTECTION
TO FARMERS AND LENDERS IF A GRAIN ELEVATOR FAILS
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| Donald L. Uchtmann and A. Bryan Endres |
| ALTB_03-02, December 2003 |
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Abstract
This article describes the protections provided to farmers and lenders by the Illinois
Grain Code in the event an Illinois-licensed elevator fails. These protections were changed
significantly by Public Act 93-0225, effective July 21, 2003, which amended the Illinois Grain
Code to incorporate lessons from the Ty-Walk elevator failure. A checklist of “Good Practices”
designed to maximize these protections for farmers is included.
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Click here for Adobe's PDF format.
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| THE REVISED ILLINOIS GRAIN CODE: NEW ASSESSMENTS
ON FARMERS AND LENDERS
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| Donald L. Uchtmann and A. Bryan Endres |
| ALTB_03-01, December 2003 |
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Abstract
This article discusses the new assessments imposed on both farmers and lenders under
Public Act 93-0225, the 2003 amendments to the Illinois Grain Code. These assessments will
restore solvency to the Illinois Grain Insurance Fund, which guarantees the payment of approved
claims by farmers and lenders when an Illinois-licensed elevator fails. A link to the full text of
the Illinois Grain Code is provided.
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Click here for Adobe's PDF format.
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| Production, Marketing, and Purchase Contracts for Livestock
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| Compiled by Iowa Attorney General |
| June, 2000 |
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Abstract
This site contains examples of Production Contracts and Marketing Contracts for cattle and hogs, and of Purchasing Contracts for hogs. The contracts were compiled by the Iowa Attorney General from actual contracts being used in Iowa. Producers names and other identifying information have been deleted, but the names of companies offering these contracts remain. The goal, according to Iowa Attorney General Tom Miller, has been "to give livestock and grain producers key information so they can compare the types of contracts and terms being offered in the marketplace ...." Iowa legislation recently prohibited confidentiality in such contracts, making possible the dissemination of this contract information.
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Click here for HTML format.
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| Assuring Payment to Livestock Producers
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| Donald L. Uchtmann |
| January, 2000 |
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Abstract
This short article describes how livestock producers are protected by the Packers and Stockyards Act, should a packer or other livestock buyer default on its obligation to pay for livestock. Links to the applicable federal statutes and to other information are provided.
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Click here for HTML format.
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