Library

Contracts, Notes, and Guaranties

Phillip Kunkel and, P. Jason Thibodeaux (June, 2015)

Summary

It is common for farm operators to enter into numerous financial agreements— the leasing of land or equipment; borrowing money from a bank or other lender to acquire land, livestock, machinery or equipment; purchasing land on a contract for deed; or cosigning or guaranteeing another´s commitments. Each of these financial arrangements involves a contract of some kind.