(a) A supplier who furnishes crop production inputs has an agricultural input security interest only as provided in this chapter for the unpaid retail cost of the crop production inputs. The security interest attaches to:

lawyer at desk

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Terms Used In Tennessee Code 43-31-104

  • Agricultural chemical: means fertilizers or agricultural chemicals that are applied to crops or to land that is used for raising crops, including fertilizer material, plant amendment, plant food and soil amendment, and pesticide as defined in §. See Tennessee Code 43-31-102
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Petroleum product: means motor fuels and special fuels that are used in the production of crops, including "petroleum products" as defined in §. See Tennessee Code 43-31-102
  • Proceeds: means proceeds as defined in §. See Tennessee Code 43-31-102
  • Seed: means agricultural seeds that are used to produce crops, including "agricultural seed" as defined in §. See Tennessee Code 43-31-102
  • Supplier: means a person who furnishes agricultural production inputs. See Tennessee Code 43-31-102
(1) The existing crops upon the land where a furnished agricultural chemical was applied, or if crops are not planted, to the next production crop following the last date on which the agricultural chemical was applied;
(2) The crops produced from furnished seed; or
(3) The crops produced, harvested, or processed using a furnished petroleum product.

If the crops are grown on leased land and the lease provides for payment in crops, the security interest does not attach to the lessor’s portion of the crops. The security interest continues in crop products and proceeds.

(b) An agricultural input security interest attaches when the agricultural production inputs are furnished by the supplier to the purchaser.
  Previous section
Next section  
 Chapter 31 Contents