Eighteen years after the passage of the USA PATRIOT Act, banks now face a new wave of compliance challenges obscured by a cloud of smoke. It started in Colorado, the first state to decriminalize marijuana at the state level. Of course, marijuana remains, as it has since 1970, on the Federal Schedule I list of controlled substances making it illegal under federal law. Banks were caught in the middle. There were new businesses that needed…
Dickinson Law is pleased to announce that Andrea Rastelli has joined the firm. Andrea is a recent Juris Doctor graduate of the University of Iowa College of Law and holds a B.A. in International Relations and Latin American Studies from Lafayette College in Easton, Pennsylvania. Her legal training includes serving as an intern at John Deere Financial and Comcast Corporate, and as an extern at ACT where collectively she gained experience on issues such as…
Dickinson Law is pleased to announce that 19 of the firms’ attorneys have been selected for inclusion in the 2020 Edition of The Best Lawyers in America®.  Attorney F. Richard Lyford was also recognized by Best Lawyers® as the Litigation – Real Estate  “Lawyer of the Year” in Des Moines. Since it was first published in 1983, Best Lawyers has become universally regarded as the definitive guide to legal excellence and is the oldest and…
After years of confusion about whether grain bins are subject to sales tax, this past legislative session the Iowa legislature clarified that grain bins are exempt from sales tax. In doing so, the Iowa legislature—likely unknowingly—increased the complexity of sales tax compliance for construction contractors. Although the new legislation achieves its ultimate goal of exempting from sales tax grain bins used by farmers and manufacturers, the Iowa legislature should have taken a different approach in…
Previously, I discussed that trade wars and wet weather conditions have generated uncertainty in the agricultural industry.  Since the publication of my last blog, projections for direct farm payments have soared.  Now, ag economists are predicting that direct farm payments will be at the highest levels in a decade.  Furthermore, unprecedented wet weather has led to more than $1 billion in insurance claims for acres that farmers were prevented from planting.  It is projected…
Trade wars and wet conditions as farmers attempt to plant their 2019 crop have generated a great deal of uncertainty in the agricultural industry.  As the uncertainty surrounding trade and weather  grows, it is important to conduct file reviews and ensure best practices are being utilized to secure a lender’s collateral position in government farm program payments and crop insurance proceeds. FARM PROGRAM PAYMENTS Courts across the country are divided when a security interest attaches…
E-Verify is on the lips of employers and legislators across the country. However, E-Verify is not the magical solution many people believe it to be. It’s best to start with what E-verify does not do for an employer. E-Verify does not verify employment eligibility for the employer. E-Verify does not remove the responsibility of the employer to complete an I-9 Form in accordance with federal regulations. An I-9 Form must be completed for every employee…
E-Verify is on the lips of employers and legislators across the country. However, E-Verify is not the magical solution many people believe it to be. It’s best to start with what E-verify does not do for an employer. E-Verify does not verify employment eligibility for the employer. E-Verify does not remove the responsibility of the employer to complete an I-9 Form in accordance with federal regulations. An I-9 Form must be completed for every employee…
The recent article Wall Street Journal titled Farm Belt Bankruptcies are Soaring, notes that “a wave of bankruptcies is sweeping the U.S. Farm Belt as trade disputes add pain to the low commodity prices that have been grinding down American farmers for years.”  The article also notes that bankruptcy filings have doubled since 2008 in the regions covered by the Seventh and Eighth Circuit Court of Appeals, which includes the states of Iowa, Illinois,…
The recent article Wall Street Journal titled Farm Belt Bankruptcies are Soaring, notes that “a wave of bankruptcies is sweeping the U.S. Farm Belt as trade disputes add pain to the low commodity prices that have been grinding down American farmers for years.”  The article also notes that bankruptcy filings have doubled since 2008 in the regions covered by the Seventh and Eighth Circuit Court of Appeals, which includes the states of Iowa, Illinois,…