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N.D. state mill may lose at least $60,000 beucase of MF Global collapse

January 24, 2012 in Grand Forks Herald

The state-owned flour mill was a client of MF Global. The company went bankrupt last October. Investigators say MF Global used clients’ money for its own operations, and more than $1.2 billion went missing. Continue Reading

Thune calls for charges in MF Global fiscal mess

December 14, 2011 in The Daily Republic

The infamous meltdown of the MF Global financial firm has rippled across the South Dakota prairie, hitting farmers, grain elevators and others who had hoped to hedge their business risk in the futures markets, Sen. Thune told reporters Wednesday. Continue Reading

Farmer tells of losses in MF Global failure

December 13, 2011 in Worthington Daily Globe

Luverne man speaks to Senate panel
MINNEAPOLIS (AP) A Minnesota farmer told a Senate panel Tuesday he wants to know what became of $253,000 of his money that’s gone missing in the collapse of commodities trading firm MF Global Inc. Continue Reading

Minnesota farmer to testify before Congress on MF Global collapse

December 13, 2011 in Grand Forks Herald

Dean Tofteland raises corn, soybeans and pigs near Luverne in southwestern Minnesota. He has about $200,000 tied up with MF Global. Continue Reading

MF collapse leaves some N.D. farmers with losses

December 4, 2011 in Grand Forks Herald

The reported collapse of the large commodities trading company, MF Global, Inc., has stuck many farmers and farm companies with possible losses. It’s also raised questions about whether the heated grain markets of the past three years have created a bubble waiting to burst. Continue Reading