Displaying items tagged: CHS Capital LLC
Default entered against Boersen Farms in Monsanto case; company faces a new lawsuit
ZEELAND — A embattled West Michigan farm operator failed to answer a federal lawsuit filed against it in Missouri and faces new allegations that it failed to pay its bills.
Highly leveraged farmers could face distress amid volatility in ag industry, pricing
Farmers’ increasing use of credit to finance operations has left some operators financially exposed during a volatile period for the industry.
Spiech Farms files for bankruptcy after two troubled harvests in 2017
PAW PAW — A Southwest Michigan-based provider of fresh and frozen blueberries, asparagus and grapes has filed for Chapter 11 bankruptcy protection in the U.S. District Court for the Western District of Michigan.
Federal court orders Boersen Farms to pay $19.5 million for equipment leases, contempt
ZEELAND — A federal judge ordered Boersen Farms Inc. to pay more than $19.5 million to a Cottonwood Heights, Utah-based firm it leased equipment from over a two-year period.
Judge removes Boersen Farms from receivership as plaintiff moves to dismiss lawsuit
Boersen Farms Inc., the Zeeland-based farming company that flirted with bankruptcy, is no longer under the control of a court-appointed receiver.
Boersen Farms’ impending bankruptcy could shake West Michigan’s ag industry
ZEELAND — When a lawsuit surfaced showing one of West Michigan’s largest corporate farmers was facing insolvency, the news sent shockwaves through the state’s agricultural industry.