Ethanol ghost seeks corn paybacks

Agriculture.com
by Jeff Caldwell
08/30/2010 @ 4:04pm

A letter sent from the ghost of an ethanol industry giant is sending shockwaves around part of the Corn Belt.

VeraSun Energy Corporation filed for bankruptcy protection in October 2008, then liquidated assets last year. Now, the "reorganized debtors" of the dissolved once ethanol giant are trying to get their money back from farmers who sold corn to VeraSun during the 90-day period preceding the company's bankruptcy filing.

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