A bill to amend the Agriculture and Food Act of 1981 to provide protection for agricultural purchasers of farm products.
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Amends the Agriculture and Food Act of 1981 to provide that a buyer in the ordinary course of business who buys farm products from a seller engaged in farming operations shall take free of any seller-created security interest even though the interest is perfected and the buyer knows of its existence, unless within 12 months before the sale the buyer: (1) received notice of the security interest and of any payment obligations imposed by the secured party as conditions for waiver or release of the security interest; and (2) has failed to perform such obligations.
Sets forth parallel provisions for commission merchants or selling agents.
Placed on Senate Legislative Calendar under General Orders. Calendar No. 350.
Cite this page
U.S. Congress. (2026). S. 744: A bill to amend the Agriculture and Food Act of 1981 to provide protection for agricultural purchasers of farm products.. 99th Congress. Open America. https://openamerica.io/bill/99-S-744/
"S. 744: A bill to amend the Agriculture and Food Act of 1981 to provide protection for agricultural purchasers of farm products.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-S-744/.
S. 744, 99th Cong. (2026), https://openamerica.io/bill/99-S-744/.
[S. 744: A bill to amend the Agriculture and Food Act of 1981 to provide protection for agricultural purchasers of farm products.](https://openamerica.io/bill/99-S-744/)