Personal involvement in farming and ranching allows Underwood’s Agriculture Law Section to possess unique knowledge and valuable insights for clients.
Our ag attorneys help producers and ag businesses in many aspects of their operations. Our work in transactions includes the purchase and sale of all property sizes including small tracts joining a producer to the subdivision and the sale of large ranches.
Over several years our lawyers have assisted clients, including the City of Amarillo, on water issues. In 2008 and 2011 we facilitated an exchange of water rights located in the northeast Panhandle for water rights located in Hartley and Dallam Counties. The exchange facilitated the development of ranch land in to an organic farm supporting an adjacent dairy.
We assisted more than a dozen Dutch and Danish families as they pursued “the American Dream.” Our work with these families has been comprehensive. We help identify possible property, lenders, equipment, contractors, and opportunities. Most of our Dutch and Danish clients are in the dairy business. Some own multiple dairies and farming operations adequate to provide a majority of their forage requirements.
Following the Good Friday 2009 failure of New Frontier Bank in Greeley, Colorado, our lawyers were active in helping clients locate alternate financing. Several strategies were used in the process. With Underwood’s help, several clients identified capital sources. Underwood structured bridge financing to assist clients as the clients located commercial lenders.
Currently we are assisting ag businesses as they consider their role and participation in the development of the area’s wind industry. We are working with landowners to purchase and establish met towers on their properties so the landowner will be positioned to best develop their wind rights.
We represent a number of ag lenders, and our primary work for lenders is loan documentation.