- Associated Press - Thursday, June 9, 2016

SALEM, Ore. (AP) - A judge sided with Oregon farmers who were sued by a bank over the ownership of radish seed they’d grown but hadn’t paid for.

The Capital Press reports (http://bit.ly/1UDMsmx ) that several Willamette Valley farms grew the seed in 2014 for Pennsylvania-based Cover Crop Solutions. The company became insolvent before the seed was delivered.

Cover Crop’s creditor, the Northwest Bank of Warren, Pennsylvania, claimed to own the radish seed because it was collateral for a $7 million loan.

The judge dismissed the bank’s arguments on Monday. The ruling means the farmers can sell the crop instead of turning it over to the bank.

The attorney for Northwest Bank says his client does not wish to comment.

Paul Conable, the attorney for the farms, called the case “a total victory.”


Information from: Capital Press, http://www.capitalpress.com/washington



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