Charterbank Butler v. Central Cooperatives, Inc.

BERREY, Judge.

Plaintiff, CharterBank Butler, [hereinafter bank], brought this action against defendant, Central Cooperatives, Inc., [hereinafter Co-op], for conversion of soybeans in which plaintiff alleged a security interest. Following a non-jury trial the Circuit Court of Bates County entered judgment for the bank in the amount of $37,825.45—interest and costs included. The judgment is reversed.

Daniel and Charles Gardner, dba Gardner Brothers Farms, operated farms in three different Bates County townships. The Gardners owned 500 acres of farmland and leased an additional 1,300 acres in…