Sandy Road Farms creditor has objection to use of cash collateral

Chicago, Sept. 6 – Sandy Road Farms, LLC’s creditor Bruntlett Elevator, Inc. has a limited objection to the use of cash collateral, according to an entry of order filed with the U.S. Bankruptcy Court for the District of Kansas.

The creditor asserts that it has a perfected priority agricultural supply dealer’s lien in Sandy Roads’ swine that were fed with feed supplied by the creditor.

BEI’s claim is secured in the amount of $237,148.75.

The creditor says that its lien ranks higher than Rabo’s security interest in the swine.

BEI says that its secured claim should be paid first, then it will have no objection to the use of cash collateral going forward.

Sandy Road Farms, a Plains, Kan.-based agricultural company, filed Chapter 11 bankruptcy on Aug. 1 under case number 22-40446.

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