United States v. McCleskey Mills, Inc.

WISDOM, Circuit Judge:

The United States, as a creditor through the Farmers Home Administration, seeks to enforce a security interest in certain peanuts the debtor sold to McCleskey Mills. The United States asserts that the stakes in this case are not just peanuts, since the principal problem concerns the applicability of federal common law. McCleskey Mills asserts that Georgia law applies. We must decline the invitation to explore the fascinating region of federal common law. 1 The federal and state systems dictate a common result. McCleskey Mills is liable in conversion under the Commercial…