Oklahoma Ag Mediation Program Helps Producers Dealing with the Unexpected and UnintentionalThu, 19 Apr 2018 11:40:43 CDT
Mike Mayberry of the Oklahoma Agriculture Mediation Program spoke recently with Radio Oklahoma Ag Network Associate Farm Director Carson Horn to discuss how the federally authorized mediation process he oversees can help farmers and ranchers deal with financial or situational stresses.
“We help Oklahoma-based producers with disagreements or difficult situations they may be having with a lender, a creditor, one of the USDA agencies or even their banker,” Mayberry explained. “We bring them in a room together where they can talk it out so to speak.”
At no cost to the farmer or rancher, Mayberry says the Oklahoma Agriculture Mediation Program strives to get people at the table to work together before the stress becomes intolerable. Often, he says the mediator can find solutions that no one has thought about. These consultations are always held in the stricktest confidence.
The Oklahoma Agriculture Mediation Program usually works with USDA agencies and their customers, as well as, any farmer or rancher and their lenders. The goal at the end of the mediation process is for the clients to have a written settlement agreement between the producer and the USDA agency or other party about how they are going to restructure their loan.
Mayberry boasts a 90 percent rate of success in the program’s ability to find a compromise between farmer and lender. Those potential candidates that are a good fit for this process have generally received an adverse termination letter from the USDA or any other lender, creditor, or borrower. Also, if a farmer or rancher is delinquent on a farm loan or dealing with a conservation contract, they are also eligible.
Click on the LISTEN bar below to hear Carson Horn and Mike Mayberry discuss the Oklahoma Agriculture Mediation Program and how it can help find solutions to any relevant issues you may be dealing with.
For more information on the Oklahoma Agriculture Mediation Program or to find out if you are eligible, visit their website by clicking here.
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