Failed Ventures Fuel Grain Company Failure
Omaha-based Hansen-Mueller Co. points to millions lost in failed business ventures and the impact of Trump tariffs as the reason for filing for Chapter 11 bankruptcy protection on Monday.
Omaha-based Hansen-Mueller Co. points to millions lost in failed business ventures and the impact of Trump tariffs as the reason for filing for Chapter 11 bankruptcy protection on Monday.
: Hansen-Mueller Co. filed for Chapter 11 bankruptcy on Monday after not paying farmers for grain deliveries. The company reports owing $100 million to $500 million to thousands of creditors.
This week, the main stories will likely center around the reawakening of the federal government and which reports finally get released. Look Friday for the monthly Cattle on Feed report.
Overall ethanol production in the United States averaged 1.075 million barrels per day (bpd) in the week ended Nov. 7.
Bankers may be worried about a cash flow crunch on American row-crop farms, but experts at the Agricultural Bankers Conference say farmers should prepare capital expenditure plans that enable them to take advantage of lower interest rates.
TFG-Michigan motioned a federal court to renew a $29.2 million judgment against Boersen Farms for selling leased irrigation equipment without permission, dating back to a 2017 contract breach lawsuit.
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