IN RE KINGSLEY

No. 87-5396.

865 F.2d 975 (1989)

In re Truman R. KINGSLEY and Connie Kingsley, Debtors. Truman R. KINGSLEY and Connie Kingsley, Appellants, v. FIRST AMERICAN BANK OF CASSELTON, Appellee.

United States Court of Appeals, Eighth Circuit.

Decided January 26, 1989.


Attorney(s) appearing for the Case

Joseph A. Vogel, Jr., Mandan, N.D., for appellants.

Hart Kuller, St. Paul, Minn., for appellee.

Before LAY, Chief Judge, PECK, Senior Circuit Judge, and JOHN R. GIBSON, Circuit Judge.


JOHN R. GIBSON, Circuit Judge.

The central issue in this case is whether farm deficiency and diversion payments under the federal price support and production adjustment programs are "proceeds" of crops under North Dakota law and therefore covered by a security agreement applying to crops and their proceeds. Truman and Connie Kingsley appeal from an order of the district court reversing the bankruptcy court and upholding...

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