4th Circ. Sides With US Over Peanut Crop Loss Payouts

Law360, New York (April 14, 2011, 2:30 PM EDT) -- The Fourth Circuit on Wednesday upheld a lower court's ruling that the government did not breach an insurance agreement when it reimbursed peanut farmers at an allegedly lower-than-expected rate for crop losses.

The peanut farmers could not reasonably rely on the agreed-upon rate of 31 cents per pound of peanuts because they were warned that pending legislation could have wide-ranging effects on the peanut industry, according to an unpublished opinion by the U.S. Court of Appeals for the Fourth Circuit.

The farmers initially won summary judgment...
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