McCall Stock Farms, Inc. v. United States
Court of Appeals for the Federal Circuit
1Opinion of the Court
CLEVENGER, Circuit Judge.
McCall Stock Farms, Inc., (MSFI) appeals the decision of the United States Court of Federal Claims, 30 Fed.Cl. 248 No. 90-1003C (Dec. 10, 1992), granting summary judgment for the government. Because MSFI has demonstrated no error in that decision, we affirm.
I
In 1978, John R. and Phyllis A. McCall, sole proprietors of McCall Farms and McCall Stock Farm, as joint obligors, obtained a $170,000 farm disaster loan from the Small Business Administration (SBA). The SBA’s loan was secured by a second mortgage on 800 acres of the McCalls’ land in Madison County, Iowa. In 1983,…
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