Dixie Ag Supply, Inc. v. Nelson

This case began as a lawsuit to resolve a dispute over the proceeds of the 1983 corn and soybean crops of Edward Garris, a farmer indebted to both Appellant Dixie Ag and Appellee Nelson.

In 1982 Garris incurred a debt of $120,000.00 to Dixie Ag for farm equipment, supplies, and cash advances, such indebtedness being evidenced by a promissory note. By May of 1983, Garris had reduced the debt to $91,809.39.

Garris, in need of credit for his 1983 farming operation, executed a security agreement and financing statement on July 16, 1983, securing his indebtedness to Dixie Ag. The security agreement…