The Secretary of Stateâs office is the central filing office for certain financing statements and other lien documents provided for in the Uniform Commercial Code (UCC). Filing with our office serves to perfect a security interest in named collateral and establish priority in case of debtor default or bankruptcy.
Corn is a major field crop in New York State with more than 1 million acres planted annually. Typically, grain corn (including dry-shelled and high-moisture) represents 55% of the acreage, whereas corn silage represents the remaining 45% of the acreage. Recently, corn has been a very profitable crop to grow because of relatively high yields as well as high prices received by farmers.
The Great Drought of 2012 has certainly resulted in dramatic and historic reductions in grain yield relative to trend lines. As of August 2012, the National Ag. Statistics Service of the USDA (USDA-NASS, 2012) estimated that the average U.S. corn grain yield will be 123.4 bu/ac (Fig. 1).