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Agricultural Finance

The following summaries are of recent published decisions of the California appellate courts, the Ninth Circuit, and the United States Supreme Court. The summaries are presented without regard to whether Severson & Werson represented a party in the case.

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G.W. Palmer & Co., Inc. v. Agricap Financial Corp.

A factoring agreement under which an agricultural products distributor sells its accounts receivable to a factor at a discount is not a breach of the distributor’s fiduciary duties to growers, so the factor is not liable for the distributor’s debts to growers.  Read More