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Tag Archives: Turner Grain

Mississippi laws afford grain producers at least some protection

» Arkansas to consider legislation after Turner Grain bankruptcy leaves farmers unpaid   Unlike Arkansas, Mississippi’s laws provide a measure of protection to farmers who sell their crops through brokers who become financially unstable. Registration and bond requirements apply to both grain brokers and warehouse owners, according to the Mississippi Department of Agriculture and Commerce. Thirty-five states require licensing and ...

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Grain buyer’s bankruptcy could take steep toll on Delta farmers

» Defaults on contracts and non-payment on grain already delivered are main worries The chapter 12 bankruptcy of a principal of Arkansas’ Turner Grain Co. and accompanying grain contract defaults could cost farmers in the Mississippi Delta “paper” losses of up to $70 million, according to a Greenville lawyer for several grain producers. Separate from the paper losses is the ...

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