Quality Plus Feeds, Inc.
v.
Compeer Financial, FLCA
Compeer Financial, FLCA, appeals from the district court’s order granting summary judgment to Quality Plus Feeds, Inc. (“Quality”), arguing the court erred in finding Quality satisfied its tracing requirements for the feed it provided to the cattle it fed (and any proceeds therefrom), and did not accurately calculate the value of Quality’s agricultural supply dealer’s liens.
Applicant
Quality Plus Feeds, Inc.
Resister
Compeer Financial, FLCA
Attorneys for the Applicant
Alexander M. Johnson
Thomas D. Story
Jennifer E. Lindberg
Attorneys for the Resister
Dustan J. Cross
Rick J. Halbur
Supreme Court
Oral Argument Schedule
15-15-5
Nov 17, 2022 1:30 PM
Briefs
Supreme Court Opinion
Opinion Number:
Date Published:
Date Amended:
Court of Appeals
Court of Appeals Opinion
Opinion Number:
Date Published:
Summary
Appeal from the Iowa District Court for Monroe County, Daniel P. Wilson, Judge. AFFIRMED IN PART, REVERSED IN PART, AND REMANDED. Heard by Bower, C.J., and Schumacher and Ahlers, JJ. Opinion by Ahlers, J. (8 pages)
Compeer Financial, FLCA (Compeer) appeals the grant of summary judgment to Quality Plus Feeds, Inc. (Quality Plus) foreclosing Quality Plus’s agricultural-supply-dealer lien. OPINION HOLDS: Navigating the competing priority rules is a somewhat complex and fact-intensive exercise. Finding genuine issues of material fact that preclude the grant of summary judgment for either party, we reverse the grant of summary judgment to Quality Plus, affirm the denial of summary judgment to Compeer, and remand for further proceedings.