advertisement

Gallatin farmers hear payback proposal for grain theft

Friday, May 29, 2009 | 2:38 p.m. CDT

GALLATIN — More than 100 northwest Missouri farmers who lost money to a Gallatin grain elevator will receive about 12 cents on the dollar under a state Department of Agriculture proposal to pay out the bonded portion of the elevator's debt.

Several farmers attended a meeting Thursday night to hear the state's plans to disburse $407,000 — the amount of bond posted by the elevator under state law — out of $3.5 million they are owed by the Daviess County company.

Gallatin Grain Co. closed in February, and owner Daniel Froman is facing 22 counts of grain theft.

An Agriculture Department spokesman says the farmers, who either stored grain in the elevator that's not there anymore or sold grain and never got paid for it, will receive additional reimbursements from Froman.


Like what you see here? Become a member.


Show Me the Errors (What's this?)

Report corrections or additions here. Leave comments below here.

You must be logged in to participate in the Show Me the Errors contest.


Comments

Leave a comment

Speak up and join the conversation! Make sure to follow the guidelines outlined below and register with our site. You must be logged in to comment. (Our full comment policy is here.)

  • Don't use obscene, profane or vulgar language.
  • Don't use language that makes personal attacks on fellow commenters or discriminates based on race, religion, gender or ethnicity.
  • Use your real first and last name when registering on the website. It will be published with every comment. (Read why we ask for that here.)
  • Don’t solicit or promote businesses.

We are not able to monitor every comment that comes through. If you see something objectionable, please click the "Report comment" link.

You must be logged in to comment.

Forget your password?

Don't have an account? Register here.

advertisements