Legal Opinion

Oyens Feed & Supply, Inc. v. Primebank

Supreme Court of Iowa

Decided December 30, 2011No. 11-0532PublishedCited by 58 opinions

1Opinion of the Court

WATERMAN, Justice.

We are asked to interpret an Iowa statute enacted in the depths of the 1980s farm crisis to help debt-laden farmers buy livestock feed on credit to continue operations. Our answer is sought to resolve a dispute between two creditors in a bankruptcy proceeding with competing liens on the same hogs. A hog producer with outstanding loans to Primebank went deeper into debt by purchasing feed on credit from Oyens Feed & Supply to fatten the hogs to market weight. We answer a certified question from the federal district court by holding Primebank’s prior perfected security…

2Cases cited11 opinions

  1. Russello v. United StatesSupreme Court of the United States · 1983
  2. Freedom Financial Bank v. Estate of Edward J. BoesenSupreme Court of Iowa · 2011
  3. Goergen v. State Tax CommissionSupreme Court of Iowa · 1969
  4. Geraldine Chesnut Donald Chesnut v. David Montgomery, Doing Business as Montgomery's I.G.A.Court of Appeals for the Eighth Circuit · 2002
  5. State v. OsmundsonSupreme Court of Iowa · 1996

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3Cited by58 opinions

  1. Amish Connection, Inc. v. State Farm Fire and Casualty CompanySupreme Court of Iowa · 2015
  2. Terry Christiansen v. Iowa Board of Educational ExaminersSupreme Court of Iowa · 2013
  3. Star Equipment, Ltd. v. State of Iowa, Iowa Department of TransportationSupreme Court of Iowa · 2014
  4. Hawkeye Land Company v. Iowa Utilities BoardSupreme Court of Iowa · 2014
  5. Board of Water Works Trustees of the City of Des Moines, Iowa v. Sac County Board of Supervisors, as Trustee of Drainage Districts 32, 42, 65, 79, 81, 83, 86, and Calhoun County Board of Supervisors and Sac County Board of Supervisors as Joint Trustees of Drainage Districts 2 and 51 and Buena Vista County Board of Supervisors and Sac County Board of Supervisors as Joint Trustees of Drainage Districts 19Supreme Court of Iowa · 2017

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