COLORADO SPRINGS PROD. CREDIT v. FARM CREDIT ADMIN.

Civ. A. Nos. 88-0574, 88-0583 and 88-0584.

758 F.Supp. 6 (1991)

COLORADO SPRINGS PRODUCTION CREDIT ASSOCIATION, et al., Plaintiffs, v. FARM CREDIT ADMINISTRATION, et al., Defendants. SIKESTON PRODUCTION CREDIT ASSOCIATION, et al., Plaintiffs, v. FARM CREDIT ADMINISTRATION, et al., Defendants. CHATTANOOGA PRODUCTION CREDIT ASSOCIATION, et al., Plaintiffs, v. FARM CREDIT ADMINISTRATION, et al., Defendants.

United States District Court, District of Columbia.

February 25, 1991.


Attorney(s) appearing for the Case

Barton L. Enoch, Colorado Springs, Colo., Thomas C. Seawall, Denver, Colo., Patricia D. Douglas, Washington, D.C., for Colorado Springs.

Ward & Reeves, Caruthersville, Mo., Blanton, Rice, Sidwell & Ottinger, Sikeston, Mo., Peter C. Myers, Jr., David E. Blanton, James E. Reeves, Jeffrey H. Howard, Linda E. Benfield, Miller & Chevalier, Washington, D.C., for Sikeston Production.

Carlos C. Smith, William C. Carriger, Edward D. Meyer, Chattanooga, Tenn., Jeffrey H. Howard, Linda E. Benfield, Miller & Chevalier, Washington, D.C., for Chattanooga Production.

Theodore C. Hirt, David M. Souders, Tracy L. Merritt, U.S. Dept of Justice, Civil Div., Washington, D.C. (Victor A. Cohen, FCA, McLean, Va., of counsel), for Farm Credit Admin.

D. Robert Cumming, Carey P. DeDeyn, Sutherland, Asbill & Brennan, Atlanta, Ga., Warren N. Davis, Mac Asbill, Jr., Sutherland, Asbill & Brennan, Washington, D.C., for Farm Credit System Financial Assistance Corp.


MEMORANDUM OPINION

JOYCE HENS GREEN, District Judge.

Plaintiffs bring these actions challenging the constitutionality of section 6.29 of the Agricultural Credit Act of 1987, Pub.L. No. 100-233 (Jan. 6, 1988),1 which requires plaintiffs to make a one-time purchase of "stock" from defendant Farm Credit System Financial Assistance Corporation ("FAC"). Specifically, plaintiffs challenge the stock purchase scheme as: (1) a deprivation...

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