Searcy Farm Supply, LLC v. Merchants & Planters Bank

Jim Gunter, Justice.

This appeal arises from an order of the Jackson County Circuit Court, ruling that several security interests of Appellee Merchants and Planters Bank (Bank) in crops and crop proceeds had priority over a purchase money security interest (“PMSÍ”) of Appellants Searcy Farm Supply, LLC (Searcy), Billy Tripp (Tripp), and Billy Tripp Farms. Appellants also appeal the circuit court’s findings on damages, asserting that the circuit court resorted to speculation and conjecture in arriving at the total bushels actually produced from the acreage subject to the Bank’s lien. We affirm…