Vermont § 103A - § 9—103A.

§ 103A. § 9—103A.

• “Production-money crops”; “production-money obligation”; “production-money security
  interest”; burden of establishing (a) A security interest in crops is a production-money security interest to the extent
  that the crops are production-money crops. (b) If the extent to which a security interest is a production-money security interest
  depends on the application of a payment to a particular obligation, the payment must
  be applied: (1) in accordance with any reasonable method of application to which the parties agree; (2) in the absence of the parties’ agreement to a reasonable method, in accordance with
  any intention of the obligor manifested at or before the time of payment; or (3) in the absence of an agreement to a reasonable method and a timely manifestation of
  the obligor’s intention, in the following order: (A) to obligations that are not secured; and (B) if more than one obligation is secured, to obligations secured by production-money
  security interests in the order in which those obligations were incurred. (c) A production-money security interest does not lose its status as such, even if: (1) the production-money crops also secure an obligation that is not a production-money
  obligation; (2) collateral that is not production-money crops also secures the production-money obligation;
  or (3) the production-money obligation has been renewed, refinanced, or restructured. (d) A secured party claiming a production-money security interest has the burden of establishing
  the extent to which the security interest is a production-money security interest. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)