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VeraSun asking midwest corn farmers for repayment

Published 09/03/2010, The Jamestown Sun

SIOUX FALLS, S.D. — Midwest farmers who sold corn to bankrupt ethanol producer VeraSun Energy Corp. have been receiving official letters asking for most of that money back. Although the request carries legal precedent, trade association groups say growers have a defense and should consult an attorney before sending any money. They do have to respond though — and promptly, the groups advise. Shannon Hannappel, who farms 1,400 acres near Clarks, Neb., said Thursday she thought she was done dealing with VeraSun until she received a letter requesting an $80,000 repayment.

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