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payment features. In addition to you having access to "Members Only"
benefits, visitors will be able to access the site to learn more about SDGFA,
purchase a membership and register for events. Click on the Members Only
button above to access this area.
Vera-Sun Bankruptcy Preference Letter
The South Dakota Public Utilities Commission has learned of a letter
recently received by a number of South Dakota grain buyers from the
reorganized debtors of VeraSun Energy Corp. The letter, from a law firm in
New York, informs the grain buyer they are to repay the reorganized debtors
80 percent of the sales made to VeraSun within the 90 days before the
company’s bankruptcy filing, which occurred on Oct. 31, 2008. The letter
further states the recipient should take action by Sept. 30, 2010, or a
lawsuit may be filed. We understand several producers have also received
this same letter from the reorganized debtors.
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