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SWEETWATER PRODUCTION CREDIT ASS'N v. O'BRIANT

No. C-7466.

764 S.W.2d 230 (1988)

SWEETWATER PRODUCTION CREDIT ASSOCIATION, Petitioner, v. James Franklin O'BRIANT, et al., Respondents.

Supreme Court of Texas.

Rehearing Denied March 8, 1989.

Attorney(s) appearing for the Case

C. Michael Ratliff and R. Temple Dickson, Moore, Dickson, Roberts & Ratcliff, Inc., Sweetwater, Tex., for petitioner.

Charles Scarborough, Scarborough, Black, Tarpley & Trimble, Abilene, Tex., Bradley C. Miles, San Angelo, Tex., for respondents.

COOK, Justice.

This case involves the classification of payments to farmers from the federal government's payment-in-kind (PIK) diversion program and thus the proper place of filing to perfect a security interest in these payments. This is an issue of first impression. The court of appeals classified these payments as general intangibles not arising from or relating to the sale of farm products by a farmer, thereby making the proper place of filing in the office of...

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