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IN RE BAR L O FARMS, WEST

Bankruptcy No. 387-00682-F.

87 B.R. 125 (1988)

In re BAR L O FARMS, WEST, an Oregon co-partnership, Bar L O Farms, Inc., Michael & Pamela Barlow, Ellis M. Barlow, Charles E. Barlow, partners, Debtors.

United States Bankruptcy Court, D. Idaho.

June 14, 1988.

Attorney(s) appearing for the Case

W.F. Schroeder, Vale, Or., for debtors.

Jim Pappas, Green, Service, Gasser & Kerl, Pocatello, Idaho, for Federal Land Bank.

Stephen B. Fonda, Nyssa, Or., for Oran Rayburn & Sons.

Ronald Schoen, Trustee.

MEMORANDUM DECISION

ALFRED C. HAGAN, Bankruptcy Judge.

The debtor has presented a Chapter 12 plan for confirmation. Objections to confirmation have been made by the Federal Land Bank of Spokane (FLB). The objections are:

1. The plan does not provide an adequate discount rate for the deferred payment of the allowed amount of the FLB claim.

2. The best interests of creditors test of 11 U.S.C. § 1225(a)(4) has not been satisfied.

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