The U.S. Supreme Court has ruled that the Fifth Amendment’s takings
clause requires the government to pay compensation for takings of
personal property.
(Blogger's note- Typically, the takings clause is applied to real property (land, mineral rights, etc.) and not personal property. )
The court ruled in the case of raisin producers contesting a government set-aside program. SCOTUSblog calls the decision (PDF) “a major blow to government’s program of trying to boost prices by keeping crops off the market.”
Chief Justice John G. Roberts Jr. wrote the majority opinion, which
was joined in full by Justices Antonin Scalia, Anthony M. Kennedy,
Clarence Thomas and Samuel A. Alito Jr. Three other justices agreed that
the set-aside program was a taking, but disagreed on valuation.
Article here (via abajournal).
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