Stable Investments Partnership v. Vilsack

Dist. Ct. did not err in upholding USDA decision to require plaintiff to return $448 in farm subsidies that plaintiff had received based on plaintiff’s claim that, as beneficiary of land trust that held legal title to farmland, it was owner of said farmland, and thus was eligible to receive subsidy under Farm Security and Rural Investment Act. Record showed that trustee of instant land trust held both legal and equitable title to trust property, and under USDA regulations, only trustee, as title holder, was eligible to obtain instant subsidy. Fact that plaintiff, as beneficiary of instant trust, could manage trust assets did not require different result.