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LSDefine

Simple English definitions for legal terms

agricultural lien

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A quick definition of agricultural lien:

An agricultural lien is a special kind of loan that farmers can get to help them grow crops or raise animals. When a farmer takes out this loan, they have to put something valuable, like their farm equipment or livestock, up as collateral. This means that if the farmer can't pay back the loan, the lender can take possession of the collateral. Every state has a law that automatically creates an agricultural lien when a farmer takes out this kind of loan. These loans are really important for farmers because they help them keep their farms running and produce food for everyone.

A more thorough explanation:

An agricultural lien is a type of lien that is placed on farm products such as livestock or farm equipment. This lien is used to secure payment or performance in exchange for a loan of land, goods, or money. These loans are important for farmers as they allow them to produce the next season of crops or raise the next season of livestock.

If a farmer is unable to repay the loan, the creditor can take possession of the farmer's farm products. This is possible due to the agricultural lien that was placed on the property when the loan was taken out.

For example, if a farmer takes out a loan to purchase new equipment for their farm, the creditor may place an agricultural lien on the equipment. If the farmer is unable to repay the loan, the creditor can take possession of the equipment to recoup their losses.

It is important to note that every state has its own statute regarding agricultural liens. These statutes automatically create an agricultural lien on the property of the farmer when they take out a loan under the circumstances provided by that individual statute.

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14:27
im from the future
14:27
kamala wins
14:27
276-262
I think she will too lol
WorthlessAttractiveZombie
14:27
since you're from the future, will fordham release today
14:28
no
WorthlessAttractiveZombie
14:28
fuck alright
14:28
not this week
14:28
dont even get ur hopes up u fool im from the year 2076
TheMidwestMonger
14:28
I'm terrified with how the world will react to Trump losing
WorthlessAttractiveZombie
14:28
damn, next question: should i eat the cheese that's been in my fridge for 3 weeks?
14:28
im pretty sure the world is gonna rejoice??
14:29
yes it is the key to immortality
TheMidwestMonger
14:29
Sorry, I meant the far right and their reaction lol
I live in alabama if she wins it's gonna be crazy here
14:30
same as last time whine that it was rigged go to court lose every time
good thing im bouncing next year
oh yeah
JumpySubsequentDolphin
14:31
why won’t ASU send my scholly info ☹️
WorthlessAttractiveZombie
14:31
they sent mine about 3 hours after i got the initial acceptance video thing
I just wanna hear back from them
14:31
the adcomm office got there at 10 am took a two hour lunch at 12 and left at 3:30 -- trust me im from the year 2076
lol
WorthlessAttractiveZombie
14:32
lavender, they should usually get back within a month of going complete
okie doke, thank u!
JumpySubsequentDolphin
14:35
@WorthlessAttractiveZombie: good to know! I thought I missed SMTH bc someone told me they got their admissions packet before the video lol
BulbasaurNoLikeCardio
14:35
I got school that have me under review for over a month... just hope it puts me in their first wave of As
TackyProudYogurt
14:39
Anyone know if asu releases decisions all at once or if they trickle out throughout the day?
WorthlessAttractiveZombie
14:39
I'm pretty sure it's a trickle because they send you a personalized video too
TackyProudYogurt
14:40
Ah okay so I do need to continue refreshing my email every 10 seconds
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