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Bankruptcy Creates Headaches for Sellers, Producers

Officials are scheduled to meet with those who may not have been paid by Pipeline Foods for crops

PIXABAY.com
PIXABAY.com

The Minnesota Department of Agriculture will hold a meeting for grain sellers and producers this week to try and help them recoup money owed by Pipeline Foods LLC after it abruptly filed bankruptcy, reports the Star Tribune.

Pipeline filed for chapter 11 protection earlier this month, citing "financial distress" caused by the COVID-19 pandemic and its debt obligations.

The Fridley-based organic supply chain operator's primary place of business is Minnesota, but it filed for bankruptcy in Delaware where it is incorporated.

Both the bankruptcy and the fact that it was filed out of state makes it more difficult for local growers to recover the money owed them by Pipeline, the Agriculture Department said.

Minnesota is hosting an online informational meeting for affected producers on Wednesday at 1 p.m.

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Pipeline Foods Files Chapter 11 Bankruptcy

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