Production Credit Ass'n v. Jacobson

Deerfield Farmers Cooperative and Bank of Deerfield appeal from an order determining Production Credit Association's lien on certain proceeds was superior to appellants' lien, and awarding prejudgment interest on the amount due. The issues are whether the trial court erred by concluding that respondent's lien was superior, by failing to apply the marshaling of assets doctrine, and by awarding prejudgment interest. We conclude that the trial court correctly held that respondent's lien was superior, did not abuse its discretion in refusing to apply the marshaling doctrine, and appropriately…