Lapeer Company Unable to Pay Farmers [Video]
A Lapeer company unable to pay farmers for grain is now being looked at by the Michigan Department of Agriculture. More here.
According to ABC 12, Lapeer Grain Company, which operates five grain elevators in the thumb, posted a notice in late October it would be unable to pay farmers for the grain they harvested. Now, the Michigan Department of Agriculture has stepped in performing an audit and placing restrictions on the company.
A meeting was held with the Dept. of Agriculture and the farmers affected on Monday at Lapeer Township Hall. Lapeer Grain - which was supposed to have paid farmers within ten days of the grain being unloaded in the elevator - cannot accept anymore grain until the state is satisfied it has its finances in order.