Except as provided in this section, an agricultural supply dealer lien that is effective or perfected as provided in section 570A.4 shall be subject to the rules of priority as provided in section 554.9322. For an agricultural supply dealer lien that is perfected under section 570A.4, all of the following shall apply:
1. The lien shall have priority over a lien or security interest that applies subsequent to the time that the agricultural supply dealer lien is perfected.
2. Except as provided in section 570A.2, subsection 3, the lien shall have equal priority to a lien or security interest which is perfected prior to the time that the agricultural supply dealer lien is perfected. However, a landlord’s lien that is perfected pursuant to section 570.1 shall have priority over a conflicting agricultural supply dealer lien as provided in section 570.1, and a harvester’s lien that is perfected pursuant to section 571.3 shall have priority over a conflicting agricultural supply dealer lien as provided in section 571.3A.
3. A lien in livestock feed shall have priority over an earlier perfected lien or security interest to the extent of the difference between the acquisition price of the livestock and the fair market value of the livestock at the time the lien attaches or the sale price of the livestock, whichever is greater. 84 Acts, ch 1072, §5; 2003 Acts, ch 82, §6; 2004 Acts, ch 1086, §92, 93 \n
Notes of Decisions
Oyens Feed & Supply, Inc. v. Primebank, 808 N.W.2d 186 (Iowa 2011).
· cites it 74× “2 The specific provisions at issue are section 570A.5, which sets forth the lien’s priority rules, and section 570A.”
Wells Fargo Bank, N.A. v. Tama Benton Coop. (In Re Shulista), 451 B.R. 867 (Bankr. D. Iowa 2011).
· cites it 13× “Iowa Code § 570A.5 (emphasis added). Article 9 of Iowa’s Uniform Commercial Code specifically recognizes that “[a] perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating…”
Schley v. Peoples Bank (In re Schley), 509 B.R. 901 (Bankr. D. Iowa 2014).
· cites it 8× “WFS asserts that its interest in the proceeds has superpriority over the Bank and CCC as an agricultural supply lien under Iowa Code § 570A.5. It believes it has a superpriority lien for all of the feed it supplied from February 9, 2010 to June 2, 2010.”
S & H Packing & Sales Co. v. Tanimura Distrib., Inc., 883 F.3d 797 (9th Cir. 2018).
“”); see Iowa Code § 570A.5. In Wisconsin, a person who has the license to perform towing services and does so has a priority interest, up to a statutory amount, over a bank’s lien and has a right to retain possession of the vehicle until its costs are satisfied.”
Farmers Coop. Co. v. Swift Pork Co., 602 F. Supp. 2d 1095 (N.D. Iowa 2009).
· cites it 2× “FCC also contends that LOLFC is liable to FCC for conversion of the proceeds of the pigs grown by Root in which FCC had a valid, perfected security interest that is superior to the claim of LOLFC after LOLFC receives a credit for any sums loaned by it to Root for acquisition of…”
— Iowa Code § 570A.5(1) — 1 case
— Iowa Code § 570A.5(2) — 4 cases
Wells Fargo Bank, N.A. v. Tama Benton Coop. (In Re Shulista), 451 B.R. 867 (Bankr. D. Iowa 2011).
“Iowa Code § 570A.5 (emphasis added). Article 9 of Iowa’s Uniform Commercial Code specifically recognizes that “[a] perfected agricultural lien on collateral has priority over a conflicting security interest in or agricultural lien on the same collateral if the statute creating…”
— Iowa Code § 570A.5(3) — 15 cases
Schley v. Peoples Bank (In re Schley), 509 B.R. 901 (Bankr. D. Iowa 2014).
“WFS asserts that its interest in the proceeds has superpriority over the Bank and CCC as an agricultural supply lien under Iowa Code § 570A.5. It believes it has a superpriority lien for all of the feed it supplied from February 9, 2010 to June 2, 2010.”
— Iowa Code § 570A.5(S) — 1 case
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