Naig Says Iowa Impact of Omaha Grain Dealers' Bankruptcy Still to Be Determined

Naig says Iowa impact of Omaha grain dealers' bankruptcy still to be determined

Des Moines, IA- Iowa Agriculture Secretary Mike Naig says Iowa farmers who sold grain to an Omaha dealer with facilities in Council Bluffs and Sioux City have until mid-March to file a claim if they haven't been paid. "We're tracking that really closely," Naig said. "Of course, our Grain Warehouse team is on top of that." Radio Iowa reports that the Hansen-Mueller company filed for bankruptcy in late November. Nebraska officials suspended its gr…

Grain buyer files for bankruptcy, leaving some Texas farmers without payment

By Emmy Powell Communications Specialist Hansen-Mueller Co., a grain company based in Omaha, filed for Chapter 11 bankruptcy, leaving some Texas farmers without payment. The company listed between 1,000 and 5,000 creditors and estimated both its assets and liabilities at between $100 million and $500 million. “After careful consideration of all available strategic alternatives, the board of directors determined that a Court-supervised process is…