Receiver appointed for grain trader Olsen’s Mill after subsidiary files Chapter 11

In Wisconsin, a receiver was appointed over the assets of Olsen’s Mill after the grain trading company’s Renew Energy subsidiary filed for bankruptcy, citing $100 million in debt. The Wisconsin Bureau of Business Trade Practices said that farmers who faced non-payment for contracted grain shipments could obtain relief from the  Producer Security Fund, funded by grain traders, which contains $9 million in reserve funds.

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