FS Credit Corp. v. Troy Elevator, Inc.

SCHULTZ, Justice.

This appeal presents a dispute between a lienholder with a security interest, perfected under the Uniform Commercial Code, in a farmer’s corn crop and the purchaser of the corn. FS Credit Corporation (FS) extends credit to farmers through its member companies to finance crop production expense. Prior to the 1982 crop season, FS approved the extension of credit to farmer Kenneth Green by one of its members, Big Three Farm Service (Big Three). Big Three then assigned its interest in the account to FS. Green signed three separate security agreements and financing statements…