Source: Iowa State University and National Corn Growers Association

Roger McEowen, Center of Agricultural Law and Taxation (CALT) director, has written a detailed article outlining what this means to parties that supplied corn to VeraSun within 90 days of the bankruptcy filing. Legal counsel for the "reorganized debtors" has sent letters to these parties offering to settle preference claims.

Growers who have sold grain to VeraSun may have received letters from attorneys asking for a repayment of funds. In response to questions raised by growers, the National Corn Growers Association is providing a guide to responding. It does not constitute legal advice; growers are urged to consult an attorney should they need additional consultation.

View Iowa State's article

View NCGA's response