The federal government seeks to foreclose on a defunct Central Oregon nursery and sell off the property.

The government has filed a lawsuit against Cascade Greenhouses in Madras, Ore., on behalf of the USDA's Farm Service Agency, which loaned the company $300,000, according to court documents.

The complaint asks a federal court to turn the nursery over to the U.S. Marshals Service, which would then auction the property.

Cascade Greenhouses was liquidated last year as part of a bankruptcy proceeding filed by its owners, John and Judy Crisp, according to court documents.

The company owed $1.3 million at the time of bankruptcy, with the nursery serving as collateral for a $300,000 loan from USDA.

However, the property's value was listed as $130,000, according to the bankruptcy filing.

-- Mateusz Perkowski

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