Iowa farmers caught in grain firm’s bankruptcy can seek to recoup nearly $1.3M in losses
BPC Staff Aug 24, 2022 | 3:59 pm
<1 min read time
91 wordsAll Latest News, Iowa News, Retail & BusinessDes Moines Register: Dozens of Iowa farmers can begin trying to recoup nearly $1.3 million in losses for crops they sold to a northeast Iowa grain and feed operation that’s now in bankruptcy, Iowa agriculture officials say. The Iowa Department of Agriculture said Tuesday the appointed receiver in the case — attorney Habbo Fokkena of Centerville — voluntarily agreed to the state’s revocation of B&B Farm Store’s grain dealer and warehouse licenses. The receiver’s role is to manage and protect any assets while compensation for the business’s creditors is sorted out.
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