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MF Global fallout delays U.S. farm seed, land deals
By Tom Polansek
CHICAGO | Tue Dec 6, 2011 12:49pm EST
...."Still, the delay in returning billions of dollars in customer funds more than a month after MF Global filed for bankruptcy is starting to affect actual decisions on the farm. This threatens to cloud the outlook for U.S. crops, warn farmers who have been ratcheting up pressure on the bankruptcy trustee to move faster to disperse any cash he secures.
"That's pretty serious when you're raising food for the country and the world," Tofteland said."
Fair use: Link for original article:
http://www.reuters.com/article/2011/12/06/us-mfglobal-agriculture-idUSTRE7B509620111206
This could hurt large corporate US farms and Agribusinesses that parked opperating capitol at MF Global. Come late winter/early spring if this has not been resolved and the US gets hits with higher oil costs, inflation and cut backs in government subsidies food production and exports could be effected.
MF Global fallout delays U.S. farm seed, land deals
By Tom Polansek
CHICAGO | Tue Dec 6, 2011 12:49pm EST
...."Still, the delay in returning billions of dollars in customer funds more than a month after MF Global filed for bankruptcy is starting to affect actual decisions on the farm. This threatens to cloud the outlook for U.S. crops, warn farmers who have been ratcheting up pressure on the bankruptcy trustee to move faster to disperse any cash he secures.
"That's pretty serious when you're raising food for the country and the world," Tofteland said."
Fair use: Link for original article:
http://www.reuters.com/article/2011/12/06/us-mfglobal-agriculture-idUSTRE7B509620111206
This could hurt large corporate US farms and Agribusinesses that parked opperating capitol at MF Global. Come late winter/early spring if this has not been resolved and the US gets hits with higher oil costs, inflation and cut backs in government subsidies food production and exports could be effected.