This text of Iowa § 579B.3 (Establishment of lien) is published on Counsel Stack Legal Research, covering Iowa primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
1. A commodity production contract lien is created. The lien is an agricultural lien as
provided in section 554.9302.
2. A contract producer who is a party to a production contract executed pursuant to
section 579B.2 shall have a lien as provided in this section. The contract producer is a
secured party and the contractor is a debtor for purposes of chapter 554, article 9. The
amount of the lien shall be the amount owed to the contract producer pursuant to the terms
of the production contract, which may be enforced as provided in section 579B.5.
3. If the production contract is for the production of livestock or raw milk, all of the
following shall apply:
a. For livestock, the lien shall apply to all of the following:
(1)If the livestock is not sold or slaughtered by the contractor, the l
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1. A commodity production contract lien is created. The lien is an agricultural lien as
provided in section 554.9302.
2. A contract producer who is a party to a production contract executed pursuant to
section 579B.2 shall have a lien as provided in this section. The contract producer is a
secured party and the contractor is a debtor for purposes of chapter 554, article 9. The
amount of the lien shall be the amount owed to the contract producer pursuant to the terms
of the production contract, which may be enforced as provided in section 579B.5.
3. If the production contract is for the production of livestock or raw milk, all of the
following shall apply:
a. For livestock, the lien shall apply to all of the following:
(1) If the livestock is not sold or slaughtered by the contractor, the lien shall be on the
livestock.
(2) If the livestock is sold by the contractor, the lien shall be on cash proceeds from the
sale. For purposes of this paragraph, cash held by the contractor shall be deemed to be cash
proceeds from the sale regardless of whether it is identifiable cash proceeds.
(3) If the livestock is slaughtered by the contractor, the lien shall be on any property of
the contractor that may be subject to a security interest as provided in section 554.9109.
b. For raw milk, the lien shall apply to all of the following:
(1) If the raw milk is not sold or processed by the contractor, the lien shall be on the raw
milk.
(2) If the raw milk is sold by the contractor, the lien shall be on cash proceeds from the
sale. For purposes of this paragraph, cash held by the contractor shall be deemed to be cash
proceeds from the sale regardless of whether it is identifiable cash proceeds.
(3) If the raw milk is processed by the contractor, the lien shall be on any property of the
contractor that may be subject to a security interest as provided in section 554.9109.
4. If the production contract is for the production of crops, all of the following shall apply:
a. If the crop is not sold or processed by the contractor, the lien shall be on the crop.
b. If the crop is sold by the contractor, the lien shall be on cash proceeds from the sale. For
purposes of this paragraph, cash held by the contractor shall be deemed to be cash proceeds
from the sale regardless of whether it is identifiable cash proceeds.
c. If the crop is processed by the contractor, the lien shall be on any property of the
contractor that may be subject to a security interest as provided in section 554.9109.