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CARGILL, INC. v. HEDGE

No. C2-84-445.

375 N.W.2d 477 (1985)

CARGILL, INC., Petitioner, Appellant, v. Sam HEDGE and Hedge Farm, Inc., and Annette G. Hedge, intervenor, Respondents, Don Stokke, Lyon County Sheriff, third-party defendant, Respondent.

Supreme Court of Minnesota.

October 25, 1985.

Attorney(s) appearing for the Case

James R. Anderson, Marshall, for appellant.

Brian L. Boysen, Cecil Naatz, Marshall, for intervenor,

David W. Peterson, Marshall, for third-party defendant.

Heard, considered, and decided by the court en banc.

SIMONETT, Justice.

Do the owner-occupants of a farm, by placing their land in a family farm corporation, lose their homestead exemption from judgment creditors? The trial court and the court of appeals said no. We agree and affirm.

On October 24, 1973, defendant-respondent Sam Hedge and his wife Annette entered into a contract for deed for the purchase of a 160-acre farm. On March 1, 1974, the Hedges assigned their vendees' interest to Hedge Farm, Inc., a...

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