Farm Credit Midsouth, Pca, Formerly Known as Eastern Arkansas Production Credit Association v. Farm Fresh Catfish Company
Court of Appeals for the Eighth Circuit
1Opinion of the Court
RILEY, Circuit Judge.
Farm Credit Midsouth, PCA (Farm Credit) sued Farm Fresh Catfish Company (Farm Fresh) alleging Farm Fresh had converted Farm Credit’s perfected security interest in catfish purchased by Farm Fresh. On summary judgment, the district court 1 concluded Farm Fresh did not convert Farm Credit’s security interest, because Farm Credit failed to comply with the direct notice exception of the Food Security Act of 1985(Act). 7 U.S.C. § 1631(e)(1) (2000); see Pub.L. No. 99-198, 99 Stat. 1354 (1985) (codified throughout Title 7 of the United States Code, and referred to as the Food…
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