Joseph M. Welch discussed the complexities of agri-business and agri-finance, emphasizing the multi-trillion dollar food industry's challenges, including labor and water shortages, tariffs, and extreme weather. He shared a personal story illustrating the importance of understanding legal terms like the Uniform Commercial Code. Welch highlighted the informal nature of agribusiness agreements, the perishable nature of crops, and the need for detailed distribution models. He also covered key legal aspects such as the Perishable Agricultural Commodities Act (PACA), the Food Security Act, and the Packers and Stockyards Act. Enforcement strategies, including foreclosure on crops by letter, and the importance of inner creditor and subordination agreements were also discussed.
Joseph M. Welch is a partner with Blank Rome LLP in Irvine, Calif., where he focuses his practice on helping clients address challenges in supply chains, financial volatility, risk mitigation and maximizing creditor recoveries. He has experience in real estate, insolvency, restructuring, bankruptcy and litigation. Mr. Welch counsels clients across a range of industries, including lending, leasing, agribusiness, agrifinance and real estate. He has served as lead counsel in representing international and Fortune 100 companies, large banks, investors, lenders, ad hoc groups and official creditor committees. Additionally, he conducts training seminars and presentations on trending legal topics throughout the country. Before practicing law, Mr. Welch was the principal of a real estate and mortgage brokerage. He is a Certified Bankruptcy Specialist by The State Bar of California Board of Legal Specialization and has been recognized by Chambers USA in the field of bankruptcy and restructuring law. Mr. Welch is admitted to practice in California, Oregon, Texas, Utah and Washington, and before the U.S. Supreme Court, the U.S. Courts of Appeals for the Fifth, Ninth and Tenth Circuits, and the U.S. District Courts for the Central, Eastern, Northern and Southern Districts of California, the District of Oregon, the Eastern, Western, Northern and Southern Districts of Texas, the District of Utah, and the Eastern and Western Districts of Washington. He received his B.A. from Brigham Young University and his J.D. cum laude from Loyola Law School, where he was admitted to the Order of the Coif.
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