Sur-Gro Plant Food Co. v. State Savings Bank

LOWENSTEIN, Judge.

This contest is between the respondent State Savings Bank (Bank), and the appellant Sur-Gro, which supplies credit to farmers for such things as seed and fertilizer. Both parties hold security agreements in the same collateral, farm crops, grown in 1983 by the same debtors, the Craig’s, who do business as Craig Farms. Secured transactions under the Uniform Commercial Code in Missouri are covered in § 400.-9-101, RSMo 1986. The Bank’s filings were prior in time to Sur-Gro’s. The Bank had loaned money to Mr. and Mrs. Craig through a letter of credit. Sur-Gro later extended…