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IN RE FOWLER

Nos. 89-35118, 89-35133.

903 F.2d 694 (1990)

In re John FOWLER, d/b/a Wyola Creek Ranch, Debtor. FARM CREDIT BANK OF SPOKANE; (formerly Federal Land Bank of Spokane); Interstate Production Credit Association, Appellants/Cross-Appellees, v. John FOWLER, d/b/a Wyola Creek Ranch, Appellee/Cross-Appellant.

United States Court of Appeals, Ninth Circuit.

Decided May 16, 1990.

Attorney(s) appearing for the Case

Gregory G. Murphy, Moulton, Bellingham, Longo & Mather, P.C., Billings, Mont., for appellant/cross-appellee Farm Credit Bank of Spokane.

Charles W. Hingle, Dorsey & Whitney, Billings, Mont., for appellant/cross-appellee Interstate Production Credit Ass'n.

Before WRIGHT, REINHARDT and O'SCANNLAIN, Circuit Judges.

EUGENE A. WRIGHT, Circuit Judge:

The question is whether the bankruptcy court applied the correct cramdown rate in confirming a reorganization plan under Chapter 12 of the Bankruptcy Code.

BACKGROUND

John Fowler operates a ranch in Big Horn County, Montana. He petitioned for relief under Chapter 12 of the Bankruptcy Code, 11 U.S.C. § 1201-31. At the time of filing, he owed the Farm Credit Bank (FCB) approximately $159,000 on two 35-year variable...

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