OMAHA, Neb. AP - Most of the farmers affected by Alvo Grain and Feed's bankruptcy this spring will receive only partial payments for their losses under a liquidation plan the Nebraska Public Service Commission has approved.The commission is exploring the idea of setting up a new insurance fund that might better protect farmers against losses in future grain elevator failures, but that idea is still in its infancy.
August 06, 2008 at 12:00 AM
1 minute read
OMAHA, Neb. AP – Most of the farmers affected by Alvo Grain and Feed’s bankruptcy this spring will receive only partial payments for their losses under a liquidation plan the Nebraska Public Service Commission has approved.
The commission is exploring the idea of setting up a new insurance fund that might better protect farmers against losses in future grain elevator failures, but that idea is still in its infancy.
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