Judge Grants Delay On ABP Receivership Hearing
Federal Judge David Crawford granted a continuance on the petition to appoint a receiver for American Beef Packers ABP to weigh creditors concerns. Iowa and Nebraska filed the request with SEC as intervener. GECC offered to extend ABP credit $23 to $30 million if Frank West resigns. West’s resignation tied to amended plan. The creditors committee opposes a receiver, fearing harm to plan approval. A new date is set for 30 to 45 days later, with Oct 1 realistic per Guinan.
MENTIONED IN THIS ARTICLE
Omaha
Neb
American Beef Packers, Inc
ABP
David Crawford
General Electric Credit Corp
GECC
Frank West
Guinan
West
ARP
Crawford
Ator Heys
West fights back as USDA levels new ABP charges
American Beef Packers President Frank R. West rejects USDA claims alleging preferential $806,000 in checks to associates, a $2.6 million cattle slaughter on Jan 6, and diversion of funds. He argues records show last livestock purchase Jan 4 and that proceeds went to GECC.
MENTIONED IN THIS ARTICLE
Omaha
American Beef Packers, Inc
Frank R. West
U.S. Department of Agriculture
USDA
ABP
Beefland International
Council Bluffs
Iowa
West
General Electric Credit Corp
GECC
Meee
Grain Hearings Set With Times and Venues in Town
The agriculture subcommittee will hold grain inspection hearings next Thursday and Friday in Bondurant at the Bondurant-Farrar high school auditorium and in Walcott at the Walcott junior senior high school auditorium. Chair Senator Dick Clark will lead sessions from 9:30 to 12:30 Thursday and 9:00 to 3:30 Friday, with potential noon breaks extended for facility tours of Bondurant Elevator and Pillsbury barge landing on the Mississippi.
MENTIONED IN THIS ARTICLE
Sanate Agriculture Subcommittee
Bondurant-Farrar High School
Bondurant
Walcott
Dick Clark
L-lo Wa
Pillsbury
Mississippi River
Clark
Grain inspection hearing highlights inland impact on producers
Testimony on grain inspection grading and weighing in interior markets reveals how export point abuses affect inland producers. Bondurant hearing will include a New Orleans inspection bribery case plea. Iowa meeting at Adventureland Inn aims to organize inflation of corn grading standards. Memphis hosts ASA convention with a panel on U.S. soybean exports featuring European and Japanese buyers and J E Randag as keynote.
MENTIONED IN THIS ARTICLE
Bondurant
New Orleans
Clark
Iowa Agriculture Promotion Board of the
Iowa Development Commission
Adventureland Inn
Ankeny
Memphis
United States
American Soybean Assny
ASA
Towa
USDA
U.S
JE. Randag
Rotterdam
Netherlands
International Assn
Ile
New Appeal Brewing on Beef Grades
U S solicitor general authorizes the justice department to appeal a district court halt on the USDA beef grading standards. The DOJ and USDA plan to file briefs with the Eighth Circuit in St. Louis the week of Sept 8. The standards, to start April 14, were blocked by Judge Denney after a suit by the Independent Meat Packers Assn of Omaha.
MENTIONED IN THIS ARTICLE
Omaha
U.S. Solicitor General
Justice Department
Department of Agriculture
Ils
Daniel Wherry
USDA
Eighth
Bheult Court of Appeals
St. Louis
U.S. District Court
Robert V. Denney
Independent Meat Packers Assn. of
Sample Ear Farmers Await USDA Crop Estimate
Farmers wait for the USDA crop estimate due next Monday to gauge damage to Iowa corn and soybean crops from the drought. In a field near Washington a corn ear looks normal but is only half developed once the silk and husks are removed.
MENTIONED IN THIS ARTICLE
USDA
Washington
Winneshiek fair honors top Holstein and show champions
Decorah exhibitor David Broghamer led the eight year old Holstein to the champion title at the Winneshiek county fair. He also captured the senior dairy showman award. Bonnié Sersland showed the reserve Holstein, while Mary Mashek presented the champion Milking Shorthorn and Jersey. Jody Buchelt exhibited the champion Aryshire, and David Livesind had both the champion and reserve Guernsey. Other honors went to Dan Horvedt in showmanship, Dale Rausch in the junior division, and Gary Schutte in senior showman. Crossbred steer gains highlighted the market beef contest won by Keith Klimesh.
MENTIONED IN THIS ARTICLE
Decorah
David Broghamer
Winneshiek County
Broghamer
Halstein
Bonnié Sersland
Randy Hanson
Mary Mashek
Calmar
Linda Rausch
Fort Atkinson
Jody Buchelt
David Livesind
Devorah
Gary Cline
Dan Horvedt
Mabel
Minn
Diate
Dale Rausch
Cline
Date Huinker
Ed Huinker
Mike Humnker
Darrell Massman
Tom
Gary Schutte
Castalia
Jerry Samuelson
Keith Klimesh
Rideway
Also Mentioned on This Page
Nebraska
U.S. Securities and Exchange Commission
SEC
Douglas Reno
Robert Gunman
Reno
Gainanald Crawford
Jerry Fennett
Zodiac Inn
8Th Ave
Marion
Tim Daniels
Iron Hwus
Jazz Ourtar
Papa Juan’s Mexican Restaurant
Entira
1St Ave. S.E
Target
Third Ave
Downtown
Mary
Piano Bar
Fox & Hounds
Winneshiek
May’s
Sentlor
May
Rolaids
Gayla Combs
Petey
Riera
Meseek Hses
Cadar Rapids
de Phos Jy Marion
Em Ley Rate Sa
Marin
Centar Ee
Happy Chef Systems
33Rd Ave
Jack Jones Furniture Pees
Atry Ee Chicken
French Fries & Cole
Fleet Ave
Second Ave
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