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Case No. 21-0774

Quality Plus Feeds, Inc.
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.



Quality Plus Feeds, Inc.


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


Nov 17, 2022 1:30 PM


Supreme Court Opinion

Opinion Number:
Date Published:
Jan 13, 2023
Date Amended:
Mar 28, 2023

Court of Appeals

Court of Appeals Opinion

Opinion Number:
Date Published:
Apr 27, 2022

            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.

Other Information

Date Further Review is Granted:
Jun 28, 2022
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