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Problems with Blanket Liens

Have you ever been tripped up by a blanket lien? Members of the Iowa-Nebraska Equipment Dealers Association are increasingly confronting issues regarding security interests held by banks in equipment they either purchase outright or accept in trade on other equipment from customers. Samuel I. Kreamer, J.D., C.P.A. of Kreamer Law Firm has put together three… Read More »

How much would you pay for something you won’t own?

[Author: Samuel I. Kreamer, J.D., C.P.A., Kreamer Law Firm, P.C., 2016 | Keywords: Business, Operations, Liens] For some, the answer to this question is, “tens of thousands of dollars.” This is an increasingly common situation facing dealers. An item is taken by a dealer as a trade-in from a customer on a new purchase. After the trade-in… Read More »

Innovation in the Service Department

[2016 | Keywords: Business, Operations, Service] Equipment dealers continually strive to run an efficient and productive service department. From reducing redundancy to scheduling and communicating with road techs, innovative ideas and cutting edge technology are helping them reach this goal. Kunau Implement, a Case-IH dealership with locations in Preston and Dewitt, Iowa, tracks and communicates… Read More »

Before you go to Court – Try Mediation

[Author: Will Rogers, Director of Government Affairs, 2015 | Keywords: Business, Operations, Mediation] If crop prices remain low and net farm income stays below the profit margin for significant period of time, you may have an ag customer default on a loan and file for bankruptcy. To date, we at the Association have already heard of three… Read More »