Latest / Cash Flow Conversations with Fexingo: Working Capital, Receivables, and Small Business Finance
How a Family Farm Used the Hailstone Clause to Rebuild
When a late-June hailstorm wiped out half of the Miller family's corn crop, their lender didn't call the loan. Instead, the farm leaned on an obscure contract provision called the hailstone clause—a waiver of deficiency that let them renegotiate terms without losing the land. In this episode, Lucas and Luna dig into how the clause works, why it's a lifeline in agricultural finance, and how other asset-heavy small businesses can negotiate similar protections. They walk through the Millers' actual numbers: a $400,000 operating loan, a 50 percent crop loss, and a lender who…
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