Effective Financing Statement Addendum - Farm Products form for adding information to the initially filed Financing Statement covering farm products filed with the Colorado filing office.
The Thornton Colorado UCC1 Effective Financing Statement Addendum — Farm Products is a legally binding document filed by farmers or agricultural businesses to provide additional details about their farm products for the purpose of securing financing. This addendum serves as an attachment to the UCC1 financing statement, which is a standard form used to create a security interest in personal property. Keywords: 1. Thornton Colorado: This refers to the specific jurisdiction where this addendum is applicable. Thornton is a city located in Colorado, United States. 2. UCC1: UCC stands for Uniform Commercial Code, which is a set of laws governing commercial transactions in the United States. The UCC1 form is the primary method of creating a security interest in personal property. 3. Effective Financing Statement: This phrase highlights the purpose of the document, as it is designed to establish a valid security interest in the farm products of the debtor. 4. Addendum — Farm Products: Farm products encompass a wide range of agricultural goods, including crops, livestock, poultry, and other related items. This addendum specifically focuses on providing detailed information about the farm products being used as collateral for the financing arrangement. Types of Thornton Colorado UCC1 Effective Financing Statement Addendum — Farm Products: 1. Crop Addendum: This type of addendum focuses on detailing specific crops or agricultural products that are being financed. It may include information such as the type of crop, the acreage planted, estimated yield, and other relevant details. 2. Livestock Addendum: For farmers or businesses primarily involved in livestock rearing or dairy farming, this type of addendum specifically outlines the animals being financed. It may include details such as the number of animals, species, breed, age, and any associated registration numbers or markings. 3. Poultry Addendum: Poultry addendums are specific to farmers engaging in poultry farming, including raising chickens, ducks, turkeys, etc. This addendum would outline details such as the number of poultry being financed, type, breed, and any applicable registration or identification information. 4. Specialized Farm Products Addendum: This type of addendum is used when securing financing for unique or specialized farm products, such as aquaculture, greenhouse produce, nursery plants, or specific agricultural machinery and equipment. It includes detailed information relevant to the specific type or category of farm products being financed. These various types of Thornton Colorado UCC1 Effective Financing Statement Addendums ensure that the lender has comprehensive knowledge about the debtor's farm products, allowing them to properly evaluate the risk associated with the financing arrangement.The Thornton Colorado UCC1 Effective Financing Statement Addendum — Farm Products is a legally binding document filed by farmers or agricultural businesses to provide additional details about their farm products for the purpose of securing financing. This addendum serves as an attachment to the UCC1 financing statement, which is a standard form used to create a security interest in personal property. Keywords: 1. Thornton Colorado: This refers to the specific jurisdiction where this addendum is applicable. Thornton is a city located in Colorado, United States. 2. UCC1: UCC stands for Uniform Commercial Code, which is a set of laws governing commercial transactions in the United States. The UCC1 form is the primary method of creating a security interest in personal property. 3. Effective Financing Statement: This phrase highlights the purpose of the document, as it is designed to establish a valid security interest in the farm products of the debtor. 4. Addendum — Farm Products: Farm products encompass a wide range of agricultural goods, including crops, livestock, poultry, and other related items. This addendum specifically focuses on providing detailed information about the farm products being used as collateral for the financing arrangement. Types of Thornton Colorado UCC1 Effective Financing Statement Addendum — Farm Products: 1. Crop Addendum: This type of addendum focuses on detailing specific crops or agricultural products that are being financed. It may include information such as the type of crop, the acreage planted, estimated yield, and other relevant details. 2. Livestock Addendum: For farmers or businesses primarily involved in livestock rearing or dairy farming, this type of addendum specifically outlines the animals being financed. It may include details such as the number of animals, species, breed, age, and any associated registration numbers or markings. 3. Poultry Addendum: Poultry addendums are specific to farmers engaging in poultry farming, including raising chickens, ducks, turkeys, etc. This addendum would outline details such as the number of poultry being financed, type, breed, and any applicable registration or identification information. 4. Specialized Farm Products Addendum: This type of addendum is used when securing financing for unique or specialized farm products, such as aquaculture, greenhouse produce, nursery plants, or specific agricultural machinery and equipment. It includes detailed information relevant to the specific type or category of farm products being financed. These various types of Thornton Colorado UCC1 Effective Financing Statement Addendums ensure that the lender has comprehensive knowledge about the debtor's farm products, allowing them to properly evaluate the risk associated with the financing arrangement.
