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NCGA Releasing Information About Ethanol Bankruptcy

The National Corn Growers Association has put together briefing papers to provide producers with information concerning pending contracts with VeraSun. Earlier this year VeraSun declared bankruptcy and announced it would not honor all corn contracts.

These briefing papers, which are posted on the NCGA Web site, update on a plant-by-plant basis how VeraSun is handling contracts and offers alternatives for producers if the ethanol company ends up selling some or all of its plants.

"In today's volatile economy, growers who have contracted to sell grain to VeraSun need to stay completely informed about the bankruptcy process and how these contracts are handled," said NCGA Chairman Ron Litterer. "We're committed to ensure that the interests of U.S. corn growers are protected and their voices heard."

For NCGA's VeraSun Bankruptcy Resource Page, visit www.ncga.com/verasun-bankruptcy.