In addition, banks would have to show that circumstances.......changed, and changed beyond what they anticipated or should have anticipated---- and within the usual circumstances within the industry. In other words, the entire ag industry dropping is an expected cycle----- but p-poor mgt, say, from maybe binding land at twice the rent being paid by others, could be a particular item that the bank could point to that changed the game beyond what they expected. Don't forget the crap that Farm Credit caused during the 80's---- and got their lunch handed to them. I was involved in a "peripheral" fashion with those---- attorney associate won some cases against Farm Credit for farmers.... and led me thru the proceedings. I would bet that if a farmer has a few acres where he is contracted for a period of years, and a gazillion dollars per acre......and the bank was nervous about equity (say, not much owned land)........ the bank could be looking at a demand----- but, that is tough to prove if the farmer fought it. |