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Published October 06, 2010, 09:53 AM

Nebraska co-op says it won’t have to repay VeraSun

AURORA, Neb. — A central Nebraska grain elevator cooperative won’t have to repay VeraSun Energy Corp. for corn it sold to the bankrupt ethanol producer.

AURORA, Neb. — A central Nebraska grain elevator cooperative won’t have to repay VeraSun Energy Corp. for corn it sold to the bankrupt ethanol producer.

The Aurora Cooperative said Tuesday that it successfully argued against repaying anything to VeraSun. Last week, lawyers representing the VeraSun bankruptcy trustee said they would not pursue payments from individual farmers.

VeraSun filed for Chapter 11 bankruptcy protection in 2008, but letters seeking repayment went out last month to people who sold corn to VeraSun in the 90 days before it filed bankruptcy.

The repayment demand from Sioux Falls-based VeraSun was widely criticized by farmers.

Aurora Cooperative president George Hohwieler said the co-op stood up for its farmers.

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Aurora Cooperative

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