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FS CREDIT CORP. v. TROY ELEVATOR, INC.

No. 86-199.

397 N.W.2d 735 (1986)

FS CREDIT CORPORATION, Appellant, v. TROY ELEVATOR, INC., Appellee.

Supreme Court of Iowa.

December 17, 1986.

Attorney(s) appearing for the Case

Allan C. Orsborn of Dull, Keith, Beaver & Orsborn, Ottumwa, for appellant.

John B. Martin of Stephens & Martin, Bloomfield, for appellee.

Considered by REYNOLDSON, C.J., and HARRIS, SCHULTZ, LAVORATO and NEUMAN, JJ.

SCHULTZ, Justice.

This appeal presents a dispute between a lienholder with a security interest, perfected under the Uniform Commercial Code, in a farmer's corn crop and the purchaser of the corn. FS Credit Corporation (FS) extends credit to farmers through its member companies to finance crop production expense. Prior to the 1982 crop season, FS approved the extension of credit to farmer Kenneth Green by one of its members, Big Three Farm Service (Big Three). Big...

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