Legal Opinion
Charles Stinson Smith and Jimmie Dean Smith v. Russellville Production Credit Association
Court of Appeals for the Eleventh Circuit
Decided December 12, 1985No. 85-7084PublishedCited by 71 opinions
1Opinion of the Court
JOHNSON, Circuit Judge:
Appellants, the Smiths, are lifelong family farmers. Starting in 1967, the Smiths became almost totally dependent on appellee Russellville Production Credit Association (“RPCA”) for their credit needs. The RPCA is a federally chartered Production Credit Association (“PCA”).
In January 1983, the Smiths negotiated a $92,000 loan from the RPCA, payable on January 1, 1984. In return for this loan, the Smiths mortgaged their house, crops, farm equipment, and RPCA stock. The year 1983 was an economic disaster for the Smiths. As of February 23, 1984, the Smiths owed the RPCA…
2Cases cited12 opinions
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- Missouri Pacific Railroad v. AultSupreme Court of the United States · 1921
- L.A. Draper & Son v. Wheelabrator-Frye, Inc., a Corporation Hessco Industrial Supply, Inc., a Corporation Fred Z. Hester, an IndividualCourt of Appeals for the Eleventh Circuit · 1984
- Glen Kermit Till and Bettie F. Till v. Unifirst Federal Savings and Loan Association and Wortman & Mann, Inc.Court of Appeals for the First Circuit · 1981
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3Cited by71 opinions
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- Olney Savings & Loan Ass'n v. Trinity Banc Savings Ass'nCourt of Appeals for the Fifth Circuit · 1989
- Corum v. Farm Credit ServicesDistrict Court, D. Minnesota · 1986
- Premier Farm Credit, PCA v. W-CATTLE, LLCColorado Court of Appeals · 2006
- State of Alabama v. PCI Gaming AuthorityCourt of Appeals for the Eleventh Circuit · 2015
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