Johnson v. Production Credit Ass'n of Fargo

VANDE WALLE, Justice.

This is an appeal by Keith Johnson from a judgment of dismissal entered on an order granting the motion of Production Credit Association [PCA] for a directed verdict of dismissal. The issues raised are whether or not the court erred in granting PCA’s motion for a directed verdict and in denying Johnson’s similar motion. We affirm.

Douglas Olstad, a PCA borrower since 1977, began 1980 owing PCA, which had a security interest in all of his crops, approximately $67,000. PCA agreed to advance Olstad an additional $75,000 for operating funds in 1980.

Johnson, a retail…