Local

Northern Beef Packers Attorney Working On Reorganization Plan

An Aberdeen, South Dakota Attorney representing Northern Beef Packers says he’s working on a reorganization plan that could be finalized soon. Rory King says it’s called a debtor in possession financing proposal that if approved by the court will allow them to reorganize.

King says they’ll have a better chance of re organizing if the Judge rules against a Trustee’s motion to move Northern Beef from Chapter 11 bankruptcy status to Chapter 7.

King says even if the court rules against the re organization, the plant likely will be sold as there is interest from potential buyers.

Northern Beef Packers currently lists its liabilities at just under $ 139 million.

Recent Headlines

11 hours ago in Local

SD Congresswoman Kristi Noem; Republicans Drop ACA Repeal Attempts for Now

Kristi Noem

President Obama recently vetoed a bill passed by Congress that would repeal the Affordable Care Act, or Obamacare.

11 hours ago in Local

Lewis & Clark Regional Water System Gets Federal Budget Boost….Sort of…

L&C water 102212

President Obama released his last budget request this week for the fiscal year starting in October.

14 hours ago in National

Wall Street tumbles

stocks

Wall Street was off more than 1 percent on Thursday, pushing the S&P 500 and the Dow Jones industrial average down 10 percent for the year, as investors jettisoned stocks and scurried toward safer shores.

18 hours ago in Agriculture

NFU Hoping Trade Office Could Be Opened In Cuba

cuba flag

Agriculture Secretary Tom Vilsack says the United States should open an agricultural office in Cuba and is hoping to get…

18 hours ago in Agriculture

ICCI Wants Board To Deny Pipeline Permit

iowa state flag

Today is the final day for the Iowa Utilities Board to deliberate on the permit request by Energy Transfer Partners…