United States Eighth Circuit

7 U.S.C. Sec. 2001 unambiguously requires recapture of fifty percent of the appreciated value of farm property securing the loan upon the expiration date of an agreement between the Department of Agriculture and farmers, where the expiration date occurs more than four years after the date of the agreement.

Appellate Information

• Decided 05/06/2003
• Published 05/06/2003

Judges

• WOLLMAN, Circuit Judge., Before WOLLMAN, RICHARD S. ARNOLD, and MURPHY, Circuit Judges.

Court

• United States Eighth Circuit

Counsel

• For Appellant:
  
• Sarah M. Vogel, argued, Bismarck, ND (Beth A. Baumstark, Bismarck, ND;  Allan Kanner and Conlee Whiteley, New Orleans, LA;  Richard Quintus and Charles Darwin“ Skip” Davidson, Little Rock, AR and Dale Reesman, Booneville, MO, on the brief), for appellants.


• For Appellees:
  
• Eric D. Miller, argued, U.S. Dept. of Justice, Civil Division, Washington, DC (Michael Jay Singer, on the brief), for appellee.