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KLIPP v. IOWA GRAIN INDEM. FUND BD.

No. 92-1105.

502 N.W.2d 9 (1993)

Gregory C. KLIPP and Carl F. Klipp, Appellees, v. IOWA GRAIN INDEMNITY FUND BOARD, Appellant.

Supreme Court of Iowa.

June 16, 1993.

Attorney(s) appearing for the Case

Bonnie J. Campbell, Atty. Gen., and Timothy D. Benton, Asst. Atty. Gen., for appellant.

Thomas S. Reavely and Cindy L. Vraspir, Des Moines, for appellees.

Eldon L. McAfee of Beving, Swanson & Forrest, P.C., Des Moines, for amicus curiae Iowa Grain and Feed Ass'n.

Considered by McGIVERIN, C.J., and HARRIS, LARSON, SCHULTZ, and LAVORATO, JJ.

LARSON, Justice.

This is an appeal by the Iowa Grain Indemnity Fund Board from a judgment of the district court allowing indemnity to farmers who sold grain to an insolvent purchaser. See Iowa Code ch. 543A (1989) (now chapter 203D (1993)). We reverse and remand.

During October and November 1990, Carl and Gregory Klipp delivered corn and soybeans to the Packwood Farmers Elevator, a facility owned by the Des Moines Grain Company. Des Moines Grain held...

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