Perkins v. Farmers Trust & Savings Bank

HARRIS, Justice.

Two liens compete for the same crop. A bank holds a security interest and farm landlords hold a statutory lien for unpaid cash rent. This dispute concerns which of the liens has priority. The trial court held for the landlords. We affirm.

Virgil and Estelle Perkins [the landlords] own farmland which in 1979 they leased to their son and daughter-in-law [the tenants]. The lease became effective March 1, 1980. The landlords were to receive $12,000 annual cash rent. The lease provided the landlords a lien on crops grown on the farm and they were entitled to one by statute. Iowa…