Iowa farmers caught in grain firm's bankruptcy can seek to recoup nearly $1.3 million in losses

Professor Chad Hart was interviewed by the Des Moines Register for the story "Iowa farmers caught in grain firm's bankruptcy can seek to recoup nearly $1.3 million in losses," which details how B&B Farm Store's bankruptcy will affect farmers that had sold crops to B&B.

Hart told the Des Moines Register that few grain handling businesses have gone through bankruptcy in recent years. "It's rare these days for [the Iowa grain indemnity] fund to kick in. We could have another [bankruptcy], but there doesn't seem to be a systematic problem. The system the state of Iowa has set up is built to avoid issues like this."