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bankruptcy

Articles: 33 results from the past year. For older articles, see advanced options.

White Oak Global Advisors wins Northern Beef Packers auction
White Oak Global Advisors will be the new owner of Northern Beef Packers, which filed for bankruptcy in July because it lacked money to buy cattle for slaughter. White Oak’s bid includes $39.5 million in credit and $4.8 million in cash to satisfy prior liens.
Monday, December, 09, 2013 - Associated Press - News

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Insolvencies and Bankruptcies
I recently received a call from a farmer regarding a grain elevator insolvency, and thought this would be a good time to review some of the laws related to elevator insolvencies. As Agweek staff writer Mikkel Pates pointed out in March, in the past few years, we have seen several significant elevator insolvencies.
Tuesday, September, 02, 2014 - Agweek - News

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California investment firm wins auction for Aberdeen beef plant
SIOUX FALLS, S.D. — A San Francisco-based investment banking firm has submitted the winning $44.3 million bid for an idled South Dakota plant during a bankruptcy court auction Thursday in Sioux Falls.
Friday, December, 06, 2013 - Associated Press - News

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Bidders qualifying for beef plant auction
Potential buyers of an idled, bankrupt South Dakota beef plant have until Friday to apply to become qualified bidders for the upcoming auction.
Wednesday, November, 20, 2013 - Associated Press - News

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MF Global customers to recoup $6.7 billion as final payout starts
Former customers of MF Global Holdings Ltd.’s bankrupt brokerage will recoup all $6.7 billion they are owed following the completion of a payout that will begin on April 4, its trustee says.
Thursday, April, 03, 2014 - Reuters - News

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US dairy insurance plan a template for reluctant livestock farmers
A plan in the new U.S. farm law to help dairy farmers limit losses from rising feed costs or falling milk prices could become a model in coming years for livestock producers who have resisted similar types of insurance.
Tuesday, April, 22, 2014 - - News

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Latest News
Northern Beef Packers’ state loan cancelled, Cargill, USDA check for meat contamination after Iowa plant ammonia leak and barn, antique equipment lost in fire near Crookston, Minn.
Monday, January, 20, 2014 - - News

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Wis. beef company bids for idled SD plant
SIOUX FALLS, S.D. — A Green Bay, Wis.-based beef processing company has submitted the minimum $12.75 million bid for an idled South Dakota plant.
Wednesday, December, 04, 2013 - Associated Press - News

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SD governor: Beef plant support not a mistake
Gov. Dennis Daugaard said Friday he does not believe the state’s financial support for the now-defunct Northern Beef Packers plant was a mistake.
Monday, January, 27, 2014 - Forum News Service - News

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SD governor aware of Northern Beef’s struggles before taking office
South Dakota Gov. Dennis Daugaard says he does not think the state’s financial support for the now-defunct Northern Beef Packers plant was a mistake.
Monday, February, 03, 2014 - Forum News Service - News

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Sugar rush at ethanol plant fuels fight with Neb. corn farmers
An ethanol plant in Nebraska corn country is pumping out fuel made from sugar beets, and corn farmers are suing to stop it — a small-town dispute that offers an unusual take on the debate over the market-distorting impact of sugar and corn subsidies.
Wednesday, July, 16, 2014 - Reuters - News

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Ranchers mull feedlot expansions
FARGO, N.D. — More livestock producers are considering adding or expanding livestock feeding operations in North Dakota, officials say.
Monday, March, 03, 2014 - Agweek - News

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State program became for-profit before securing Northern Beef financing
A South Dakota economic development office’s spin-off into a for-profit company is under the microscope as lawmakers vow to look further into the state’s role in financing the bankrupt Northern Beef Packers.
Wednesday, April, 09, 2014 - - News

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Massive soybean defaults loom as China buyers play hard-ball
Chinese buyers might default on a further 1.2 million metric tons (1.32 million tons) of soybeans worth about $900 million being shipped from the U.S. and South America, to avoid incurring huge losses in a depressed local market, the country’s top soy buyer says.
Thursday, April, 17, 2014 - Reuters - News

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Northern Beef Packers’ state loan cancelled
Northern Beef Packers in Aberdeen, S.D., won’t receive a $5 million loan from the state Board of Economic Development.
Wednesday, January, 15, 2014 - Agweek - News

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What's next for Aberdeen's beef plant?
Aberdeen’s beef plant has new owners, but it is yet unclear what the future holds for the big empty building on the town’s south side.
Monday, December, 23, 2013 - Agweek - News

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EB-5 visa program funded SD projects
More than a dozen other large South Dakota projects were funded by the same controversial visa program used by the Northern Beef Packers Plant that is now bankrupt and under an apparent federal investigation.
Monday, November, 18, 2013 - Associated Press - News

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SD committed millions to Northern Beef plant
A summary of the funds spent on the idled facility.
Friday, November, 01, 2013 - - News

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Probation recommended for Colo. farmers tied to listeria
Two Colorado farmers whose listeria-contaminated cantaloupes killed 33 people in 2011 should be sentenced to five years of probation, a prosecutor told a court on Jan. 17.
Monday, January, 27, 2014 - Reuters - News

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Audit: Benda helped increase beef plant grant
Rich Benda, while serving as director of the Department of Tourism and State Development, on Dec. 23, 2010, amended two Future Fund grants for Northern Beef Packers in Aberdeen, S.D., according to the Department of Legislative Audit report.
Friday, February, 14, 2014 - Agweek - News

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