$417,033
Agricultural Law
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Case Details
Successfully represented Guaranty Bank & Trust Company in a federal agricultural lending priority case, affirming its security interest over a buyer's set-off rights for crop proceeds.
Additional Notes
United States Court of Appeals for the Fifth Circuit affirmed the district court's summary judgment in favor of Guaranty Bank & Trust Company, ruling that Guaranty's production-money security interest took priority over FGDI's set-off rights, entitling Guaranty to the full $417,033.00 for the farmer's crops.