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IN RE DULLEA LAND CO.

No. 01-6037 ND.

269 B.R. 33 (2001)

In re DULLEA LAND COMPANY, DD & CD Farms, and DD & CD Family, LLP, Debtors. Dullea Land Company, Plaintiff-Appellant, v. Ideal Ag Corporation, Defendant-Appellee. and DD & CD Farms, Plaintiff-Appellant, v. Ideal Ag Corporation, Defendant-Appellee. and DD & CD Family, LLP, Plaintiff-Appellant, v. Ideal Ag Corporation, Defendant-Appellee.

United States Bankruptcy Appellate Panel of the Eighth Circuit.

Decided October 29, 2001.

Attorney(s) appearing for the Case

David L. Johnson, Fargo, ND, for Dullea Land Company.

Lowell P. Bottrell, Fargo, ND, and Kyle L. Carlson, Fargo, ND, on brief, for Ideal Ag Corporation.

Before: KRESSEL, SCHERMER and DREHER, Bankruptcy Judges.

DREHER, Bankruptcy Judge.

This is an appeal from an order of the bankruptcy court1 determining that Ideal Ag Corporation ("Ideal Ag") did not receive a fraudulent or preferential transfer of property. For the reasons set forth below, we affirm.

FACTS

In October, 1999, Debtors, Dullea Land Company, DD & CD Farms, and DD and CD Family, LLP (collectively known as "Debtors") sought to restructure existing loans with Ideal...

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