John Griffin, Sondra Griffin, Husband and Wife v. Federal Land Bank of Wichita, a Federally Chartered Corporation

This ease presents the issue whether plaintiffs-appellants John and Sondra Griffin can maintain a private right of action to enforce the provisions of the Agricultural Credit Act of 1987 (the Act). 1 We hold they may not, and affirm on that basis.

FACTS

The Griffins originally filed suit in the United States District Court for the District of Kansas seeking adjudication of their rights under the Act. The plaintiffs are Kansas farmers who mortgaged their property in the early 1980’s to finance a seed company. When the farm economy collapsed in the mid-eighties, the Griffins became unable to make…