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IN RE RAYLYN AG, INC.

Bankruptcy No. 86-3345-W.

72 B.R. 523 (1987)

In re RAYLYN AG, INC., Debtor.

United States Bankruptcy Court, S.D. Iowa.

April 21, 1987.

Attorney(s) appearing for the Case

C.R. Hannan, Council Bluffs, Iowa, for debtor.

Elizabeth Nelson, Des Moines, Iowa, Chapter 12 Trustee.

Steven H. Krohn, Council Bluffs, Iowa, for Federal Land Bank of Omaha and Federal Land Bank of Wichita.

Doug Quinn, Omaha, Neb., for Innk Land.

MEMORANDUM OPINION

FRANK W. KOGER, Bankruptcy Judge.

This case comes before the Court on five issues raised by the pleadings filed. They are (in the order considered):

1. The Motion to Dismiss. 2. Motion to Modify Stay on the Iowa property. 3. Motion to Modify Stay on the Kansas property. 4. Motion to Allow Secured Borrowing. 5. Confirmation of the Chapter 12 Plan.

ISSUE 1

The Federal Land...

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