Auburndale State Bank v. Dairy Farm Leasing Corporation

WILL, Senior District Judge.

This case arises from a dispute over the proceeds from the sale of Kenneth and Koreen Brock’s milk cows. The Brocks were unsuccessful with the cows, they declared bankruptcy and their creditors were left to figure out who owned the cows. The cow dispute pitted a cow lessor against the bank, which held a security interest in some of the Brocks’ property. The parties stipulated before trial that the leasing company owned at least four of the sixteen cows left from the failed dairy venture. The trial court awarded the sale proceeds of those four to the leasing company…