Farm & Ranch Services, Ltd. v. LT Farm & Ranch, LLC

FINDINGS OF FACT, CONCLUSIONS OF LAW AND ORDER FOR JUDGMENT

ROSS A. WALTERS, United States Magistrate Judge.

This action began when plaintiff Farm & Ranch Services, Ltd. (“Farm & Ranch”), filed a Complaint in the United States District Court for the Northern District of Texas. It alleged that defendants LT Farm & Ranch, L.L.C. (“LT”) and Bruce Tripp, Jr. and Timothy Allen Lee, 1 its co- managers and members, failed to make payments on contracts which sold and assigned LT’s rights to payments from the United States Department of Agriculture (“USDA”) on two Iowa farms owned by LT and enrolled in…