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.
While genetically engineered or genetically modified (GM) wheat has not been approved for commercial planting, GM corn and GM soybeans already reign supreme on American farms. By 2012, 88 percent of corn (maize) and 94 percent of soy grown in the United States were genetically modified, according to the US Department of Agriculture. And with the US market now well saturated, seed firms are eying China and South America to spur growth and profits.