LegalFix
Sign In

Section 570A.3 - Lien created.

IA Code § 570A.3 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

570A.3 Lien created.

An agricultural supply dealer who provides an agricultural supply to a farmer shall have an agricultural lien as provided in section 554.9102. The agricultural supply dealer is a secured party and the farmer is a debtor for purposes of chapter 554, article 9. The amount of the lien shall be the amount owed to the agricultural supply dealer for the retail cost of the agricultural supply, including labor provided. The lien applies to all of the following:

1. Crops which are produced upon the land to which the agricultural chemical was applied, produced from the seed provided, or produced using the petroleum product provided. The lien shall not apply to any crops so produced upon the land after four hundred ninety days from the date that the farmer purchased the agricultural supply.

2. Livestock consuming the feed. However, the lien does not apply to that portion of the livestock of a farmer who has paid all amounts due from the farmer for the retail cost, including labor, of the feed.

84 Acts, ch 1072, §3; 85 Acts, ch 204, §3; 2003 Acts, ch 82, §4

Referred to in §570A.1, 570A.2

Previous Section
Section 570A.2 - Financial institution memorandum to agricultural supply dealers.
Next Section
Section 570A.4 - Perfecting the lien — filing requirements.