FARGO, N.D. — The far-flung case of Grafton, N.D., farmer Tom Grabanski rolls on — his many enterprises and legal challenges from North Dakota to Colorado to Texas continue, with legal filings revealing ongoing frustration by all parties.
The wheat markets opened the week with light losses but tumbled lower throughout the day to finish with losses of 20 to 31 cents. All of the grain markets had losses as noncommercial long liquidation hit the markets, but wheat suffered the steepest losses.
FARGO, N.D. — U.S. Bankruptcy Judge William Hill heard arguments to dismiss an involuntary bankruptcy for the Keeley and Grabanski Land Partnership of Grafton, N.D., but says he will take an unspecified time to decide the issue.
FARGO, N.D. — There are a couple of February hearings, but April appears to be a big month for bankruptcy cases involving Tom and Mari Grabanski, a Grafton, N.D., farm couple who farmed in Texas and Colorado under various names and entities.
FARGO, N.D. — Grafton, N.D., farmer Tom Grabanski appears to be continuing to attempt farming in at least some of his Texas areas 2011, even as former partners and lenders navigate positions among related bankruptcies. Claims and counterclaims in bankruptcy proceedings total more than $15 million, involving operations in at least three states.
Wheat lost ground again this past week with most of the selling tied to position squaring ahead of the holiday season. Wheat did have some positive news as exports were good and wheat even saw some surprising sales.
Lawyers and creditors gathered for a few days the week of Dec. 6 in Grand Forks, N.D., to question Grafton, N.D., farmer Tom Grabanski about financial dealings with farms in three states and a grain elevator that some have alleged include misrepresentation and fraud.
View your ad here! Cost effective targeted advertising. Contextual advertising starting as low as $79/month. This includes targeted ad delivery and search results! Add your business to the Marketplace »