SCUDDER v. FARMERS PROD. CREDIT ASS'N

No. 78A01-8709-CV-229.

521 N.E.2d 354 (1988)

Dearold D. SCUDDER and Donna Scudder, Appellants (Defendants below), v. FARMERS PRODUCTION CREDIT ASSOCIATION OF SCOTTSBURG, Appellee (Plaintiff below).

Court of Appeals of Indiana, First District.

Rehearing Denied June 1, 1988.


Attorney(s) appearing for the Case

Steven A. Gustafson, Lorch & Naville, New Albany, for appellants.

Steven K. Robison, Montgomery, Elsner & Pardieck, Seymour, for appellee.


ROBERTSON, Judge.

Dearold and Donna Scudder appeal a judgment rendered in favor of the plaintiff-appellee Production Credit Association (PCA). The trial court determined that payment received by the Scudders through the federal government's milk diversion program belonged to the PCA because the PCA had a properly perfected security interest in all of the Scudders' dairy cattle and the payment was a "contract right to such secured property and an account receivable...

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