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Wed May 2, 2012
Rural commodities brokers still dealing with MF Global fallout
This week: Harvest Public Media takes an in depth look into rural commodity brokers, and the tug of war battle between MF Global and rural farmers, and a look back on the store Cool Stuff.
It was literally a place where you could find “Cool Stuff.” Now the store is closing in downtown Columbia after being in Business for twenty three years.
When futures trading firm MF Global went bankrupt at the end of October, regulators discovered 1.6 billion dollars in customer funds missing, much of it belonging to Midwest farmers and ranchers.
As the bankruptcy drags on clients continue their efforts to claw back their missing funds. But one group of small businesses remains caught in the middle of uneasy markets and miles of red tape: rural commodities brokers.