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SPECK v. U.S. THROUGH FARMERS HOME ADMIN.

Civ. No. 89-3020.

104 B.R. 1021 (1989)

Robert Willard SPECK and Lorna Marie Speck, Plaintiffs/Appellants, v. UNITED STATES of America, Acting Through the FARMERS HOME ADMINISTRATION, Defendant/Appellee.

United States District Court, D. South Dakota.

September 21, 1989.

Attorney(s) appearing for the Case

James E. Carlon, Carlon Law Offices, Pierre, S.D., for plaintiff.

Thomas Lloyd, Asst. U.S. Atty., Pierre, S.D., for defendant/appellant.

John S. Lovald, Pierre, S.D., for trustee.

Douglas E. Kludt, Huron, S.D., interested party.

MEMORANDUM OPINION

DONALD J. PORTER, Chief Judge.

This Chapter 12 case comes before this Court on appeal from an 11 U.S.C. § 506(a) valuation placed on certain agricultural land by the Bankruptcy Court. The Bankruptcy Court, after conducting a 506(a) hearing with expert testimony, determined that the debtors' farm includes 301 acres of Class II cropland with a fair market value of $200 per acre. The substance of this appeal concerns a 107 acre portion...

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