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CULLIPHER v. LINDSEY RICE MILL, INC.

Civ. No. 88-4128.

706 F.Supp. 35 (1989)

Charles E. CULLIPHER, Albert Plafcan and Jerry Plafcan v. LINDSEY RICE MILL, INC., Falcon Rice Mill, Inc., Farmers Rice Milling Company, Inc., National Bank of Commerce of Pine Bluff, AR.

United States District Court, W.D. Arkansas, Texarkana Division.

February 15, 1989.

Attorney(s) appearing for the Case

Ben Franks, Franks & Grimes, Texarkana, Tex., for plaintiff.

Frank Killough, Houston, Tex., for defendant Lindsey Rice Mill, Inc.

Thomas S. Streetman, Arnold, Hamilton & Streetman, Crossett, Ark., for defendant Falcon Rice Mill, Inc. and Farmers Rice Milling Co., Inc.

Terry Wynne, Bridges, Young, Matthews, Holmes & Drake, Pine Bluff, Ark., for defendant Nat. Bank of Commerce of Pine Bluff, Ark.

MEMORANDUM OPINION

MORRIS SHEPPARD ARNOLD, District Judge.

Plaintiffs Charles Cullipher, Albert Plafcan, and Jerry Plafcan are farmers. Each borrowed money from the Commodity Credit Corporation of the U.S. Department of Agriculture to finance his farming operations. According to the complaint, these loans entitled the Commodity Credit Corporation to a first lien on the proceeds from the sale of their crops.

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