Grain company bankruptcy rippling through farms | Arkansas Blog

Tuesday, July 5, 2016

Grain company bankruptcy rippling through farms

Posted By on Tue, Jul 5, 2016 at 6:46 AM

John Lyon at the Arkansas News Bureau reports on another ripple effect of the bankruptcy of Turner Grain, the big broker whose failure left millions in competing claims.

The latest is a demand from the bankruptcy trustee for repaying by farmers of payments they'd received from Turner Grain shortly before it went into bankruptcy. It's part of a clawback provision in bankruptcy law.

The farmers say they can't pay. If deals can't be worked out, they may face bankruptcy themselves.

Quotable: From Keith Wilkinson, a Monroe County farmer who's received one of the letters demanding repayment:

Wilkison said that in a state where agriculture is the largest industry, it seems to him that elected officials should be doing more to help farmers deal with the crisis.

“In our time of need, where are they?” he said.



Tags: ,

From the ArkTimes store

Favorite

Comments (7)

Showing 1-7 of 7

Add a comment

 
Subscribe to this thread:
Showing 1-7 of 7

Add a comment

More by Max Brantley

Readers also liked…

  • In Little Rock, Marco Rubio sells American exceptionalism

    This is Rubio's axiomatic answer to Donald Trump's insistence that he and he alone will Make America Great Again: America is the greatest, always has been.
    • Feb 22, 2016
  • Is Arkansas in or out on Kobach voter data effort?

    The Washington Post has published a map that counts Arkansas as among states that will "partially comply" with a sweeping request for voter data by the so-called election integrity commission set up by Donald Trump in an effort to cast doubt on Hillary Clinton's 3 million-vote popular defeat of him in 2016.
    • Jul 2, 2017
  • Charter school accountability: Non-existent in Arkansas

    A state audit finds charter school spending violated state law, but the state Education Department says it has no responsibility for ensuring proper management of charter schools. Say what?
    • Mar 5, 2016

Most Shared

Most Viewed

Most Recent Comments

  • Re: Puerto Rico: Trump's Katrina

    • Maybe Drumpf thought Puerto Rico was the place where his lackeys buy his taco salad…

    • on September 26, 2017
  • Re: Puerto Rico: Trump's Katrina

    • If ONLY somebody had taken the time to explain it to Drumpf in a manner…

    • on September 26, 2017
  • Re: Study: Voter ID law likely helped Trump

    • Are you sure the Wisconsin claim isnt just another chapter in Hillarys book of excuses…

    • on September 26, 2017

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation