Terra XXI, LTD., Veigel Farm Partners, D/B/A Veigel Partners, Terra Partners, Veigel Farms, Inc., Veigel Cattle Company, Robert W. Veigel, Ella Marie Veigel, Grain Central Station, Inc. D/B/A Veigel Grain Company, Veigel-Kirk, Inc., Steve Veigel v. AG Acceptance Corporation, AG Services of America, Inc., and Their Successor, Rabo AG Service, Inc.

NO. 07-07-0374-CV

IN THE COURT OF APPEALS

FOR THE SEVENTH DISTRICT OF TEXAS

AT AMARILLO

PANEL A

JULY 21, 2009

______________________________

TERRA XXI LTD., ET AL., APPELLANTS

V

AG ACCEPTANCE CORPORATION, ET AL., APPELLEES

_________________________________

FROM THE 222ND DISTRICT COURT OF DEAF SMITH COUNTY;

NO. CI-04B-011; HONORABLE ROLAND SAUL, JUDGE

_______________________________

Before CAMPBELL and HANCOCK and PIRTLE, JJ.

MEMORANDUM OPINION

Background

In 1998, Ag Services of America, Inc. (Ag Services) provided a series of loans to Veigel Farm Partners (VFP), Grain Central Station, and Terra XXI, Ltd.…