Omaha, Nebraska-based Hansen-Mueller Co. filed for bankruptcy Monday to address financial difficulties and pursue a court-supervised sale of its assets. CEO Josh Hansen said the board determined this process would best maximize value for creditors, employees and stakeholders.
The company was suspended as a grain dealer in Nebraska on Oct. 24 following complaints of unpaid farmers. The Nebraska Public Service Commission (PSC) recently reached an agreement reinstating Hansen-Mueller’s grain dealer license, requiring the company to resolve its debts with Nebraska farmers. The PSC emphasized protecting the grain community and ensuring outstanding payments are made during the harvest season.
Under the agreement, Hansen-Mueller must fulfill all outstanding payments immediately and remain compliant with Nebraska grain dealer regulations. The PSC will dismiss its October complaint and will not assess civil penalties. Producers who have not received payments are encouraged to contact the PSC Grain Department.
The bankruptcy aims to facilitate an orderly asset sale and improve outcomes for all parties involved while providing oversight to safeguard Nebraska’s grain industry.
