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Greg Herrick and Jane Evans v.
21st Century Farms, LTD., and Thomas W. Evans
and George J. Evans, individually,

Court of Appeals of Iowa,
No. 25-0377,
filed January 7, 2026


This case involved the valuation of minority interests in a family farm corporation.  The court discusses shareholder oppression, corporate dissolution, reasonable expectations, business judgment and fair value.  The court held that the minority shareholders failed to show minority shareholder oppression or a breach of fiduciary duty and the district court properly decided the other issues appealed.  

Note: Full-text of this case can be accessed by clicking on the name of the case.


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