Post Bulletin: MF Global actions may cost Minnesota farmers, elevators millions
On Halloween, the commodities firm MF Global Inc. filed for bankruptcy, and the effect is being felt in rural Minnesota.
It was three years to the day since VeraSun filed for bankruptcy, which also had an effect.
VeraSun was a clear bankruptcy situation, said Bob Zelenka, executive director of the Minnesota Grain and Feed Association. The impact was more isolated and the amount of money involved was less than what's possible with the bankruptcy of MF Global.
© Al Franken - U.S. Senator, Minnesota, 2011. |
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