Mid-Ohio Chemical Co., Inc. v. Petry

DECISION AND ENTRY FINDING THAT FARMERS HOME ADMINISTRATION’S SUBORDINATION TO THE COMMODITY CREDIT CORPORATION GOES TO THE ENTIRE OVERALL BALANCE OWED TO FMHA BY PETRY; GOVERNMENT ENTITIES ARE ENTITLED TO THE ENTIRE VALUE OF PETRY’S 1989 CROPS; JUDGMENT TO BE ENTERED IN FAVOR OF DEFENDANTS FARMERS HOME ADMINISTRATION AND COMMODITY CREDIT CORPORATION AND AGAINST PLAINTIFF; TERMINATION ENTRY.

RICE, Chief Judge.

This litigation arises out of the failure of a farmer, J. Dean Petry (“Petry”), to pay his debts. Plaintiff Mid-Ohio Chemical Company (“Mid-Ohio”) and the United States both loaned money…