For many months now Boerson Farms has been at the center of a federal investigation, led by the IRS. This comes after a number of lawsuits were filed against the farm in recent years, primarily attempting to force Boerson Farms to pay money owed to companies both local and national, that had provided products and services used to operate the farm’s 83,000 cropland acres. One creditor, Helena Agri-Enterprise, obtained a $15 million judgment against the farm, but this proved to be just the tip of the iceberg as other creditors have come forward claiming hundreds of millions in outstanding debt.
Today, DTN Staff reporter Todd Neeley brings us up to date on the Boerson Farms story, provides some insight into reactions he’s hearing on the ground, and outlines what might come next in the investigation. We’ll dig into the facts of the case, who’s been impacted, and what this means for both those directly involved and the farm sector more generally.