Wyoming State Farm Loan Board v. Farm Credit System Capital Corp.

I differ from the majority in their dispos-itive conclusion that the gated pipe, as part of the farm-loan-purchased, state-funded irrigation system, was not a fixture. The decision is erroneous in advancement of an after-acquired property clause as a personalty mortgage concept in affording a prior security interest to Farm Credit System Capital Corporation (FCSCC) over an asset purchased by a Wyoming State Farm Loan Board (Board) loan. In application of more modernized concepts, my analysis affords the real estate property fixture criteria to the mortgage security given as collateral for the…