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ISRAEL v. U.S. DEPT. OF AGRICULTURE

No. 01-1910.

282 F.3d 521 (2002)

Donald and Patsy ISRAEL, Richard and Shirley Quinton, all d/b/a Israel and Quinton Farms, Plaintiffs-Appellants, v. UNITED STATES DEPARTMENT OF AGRICULTURE, Farm Service Agency, Defendant-Appellee.

United States Court of Appeals, Seventh Circuit.

Decided March 8, 2002.

Attorney(s) appearing for the Case

William L. Norine (argued), Stephenson & Sanford, Minneapolis, MN, for Plaintiffs-Appellants.

Steven Pray O'Connor (argued), Peggy A. Lautenschlager, Office of the U.S. Atty., Madison, WI, for Defendant-Appellee.

Before WOOD, JR., CUDAHY, and KANNE, Circuit Judges.

KANNE, Circuit Judge.

In 1989, plaintiffs restructured an existing loan with the Farm Service Agency ("FSA")1 and signed a ten-year agreement as part of that restructuring. The agreement required plaintiffs to pay the FSA a percentage of appreciation that accrued to their property if certain triggering events transpired ("recapture"). In 1999, the FSA determined that expiration of the agreement was one of the triggering events and sought...

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