Central Washington Production Credit Ass'n v. Baker

In January 1969, plaintiff, Central Washington Production Credit Association, loaned a sum of money to Louis J. Cook, evidenced by a promissory note and a security agreement. The security interest was properly perfected by the filing of a financing statement on January 22,1969. The financing statement covered

all crops, livestock, farm equipment, farm supplies and other farm products. After-acquired collateral is also covered. Disposition of collateral is not hereby authorized.

The proceeds or products of the collateral were also covered. The security agreement with Mr. Cook provided:

Debtor…