What Lenders Must Know About The FSMA: Part 1

By Breia Schleuss and Rachael Dettmann Spiegel (June 19, 2017, 1:09 PM EDT) -- As the largest overhaul of food safety regulations in over 70 years, the Food Safety Modernization Act has long been a topic of discussion in the food and animal feed industries. With the implementation of this extensive new regulatory framework, there are far-reaching implications for food and feed companies and their lenders, ranging from contracting provisions to insurance, underwriting and collateral considerations.

The U.S. Food and Drug Administration has issued seven final rules concerning FSMA, six of which directly impact companies within the food and feed supply chain. This article and a companion article provide a short description of these main...

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