U.S. Bankruptcy Court

Food & Drink Weekly, August 11, 2003

Meanwhile, Farmland's dissolution was documented last week when the company laid out its plans for its sale and plans to pay back more than $1 billion to creditors. The plan, filed in U.S. Bankruptcy Court in Kansas City, calls for Farmland's lenders and other secured creditors to receive all of their money back, or about $363 million, while long-term investors who hold bonds in the cooperative would receive an estimated 50 to 65 percent of what they are owed.