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FARM CREDIT MIDSOUTH v. FARM FRESH CATFISH

No. 03-3191.

371 F.3d 450 (2004)

FARM CREDIT MIDSOUTH, PCA, formerly known as Eastern Arkansas Production Credit Association, Appellant, v. FARM FRESH CATFISH COMPANY, Appellee.

United States Court of Appeals, Eighth Circuit.

Filed: June 14, 2004.

Attorney(s) appearing for the Case

Leigh M. Chiles, argued, Jonesboro, AR (Ralph W. Waddell, and D.P. Marshall Jr., Jonesboro, AR, on the brief), for appellant.

Jeffrey H. Moore, argued, Little Rock, AR (Jamie Huffman Jones, Little Rock, AR, on the brief), for appellee.

Before WOLLMAN, McMILLIAN, and RILEY, Circuit Judges.

RILEY, Circuit Judge.

Farm Credit Midsouth, PCA (Farm Credit) sued Farm Fresh Catfish Company (Farm Fresh) alleging Farm Fresh had converted Farm Credit's perfected security interest in catfish purchased by Farm Fresh. On summary judgment, the district court1 concluded Farm Fresh did not convert Farm Credit's security interest, because Farm Credit failed to comply with the direct notice exception of the Food Security Act of 1985(Act)....

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