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SEARCY FARM SUPPLY, LLC v. MERCHANTS & PLANTERS BANK

No. 06-892.

256 S.W.3d 496 (2007)

SEARCY FARM SUPPLY, LLC; Billy Tripp; and Billy Tripp Farms, Appellants, v. MERCHANTS & PLANTERS BANK; Lee Vaughn Clark, Sr.; Wilma Clark; United States of America Farm Services Agency; Connie Waters Boyster; Helena Chemical Company; and First Community Bank, Appellees.

Supreme Court of Arkansas.

May 3, 2007.

Attorney(s) appearing for the Case

Larry Killough, Jr., Searcy, AR, for appellant.

Boyce and Boyce, by: Edward Boyce, Newport, AR, for appellee Merchants & Planters Bank.

JIM GUNTER, Justice.

This appeal arises from an order of the Jackson County Circuit Court, ruling that several security interests of Appellee Merchants and Planters Bank (Bank) in crops and crop proceeds had priority over a purchase money security interest ("PMSI") of Appellants Searcy Farm Supply LLC (Searcy), Billy Tripp (Tripp), and Billy Tripp Farms. Appellants also appeal the circuit court's findings on damages, asserting that the circuit court resorted to speculation...

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