National corn group having call on VeraSun letters
The National Corn Growers Association is coordinating a conference call with attorneys in several states next week regarding letters farmers have received from bankrupt ethanol producer VeraSun Energy Corp. asking for some money back.
South Dakota Corn Growers Association Executive Director Lisa Richardson says the call is set for Monday.
The South Dakota group this week held a meeting to provide more information for farmers affected by VeraSun's move late last month.
Letters sent to growers who sold corn to VeraSun in the 90 days before it filed for Chapter 11 bankruptcy protection in 2008 tell the farmers they have until Sept. 30 to repay 80 percent of what VeraSun paid them for their corn.
(Copyright 2010 by The Associated Press. All Rights Reserved.)
Create a More Connected Minnesota
MPR News is your trusted resource for the news you need. With your support, MPR News brings accessible, courageous journalism and authentic conversation to everyone - free of paywalls and barriers. Your gift makes a difference.