National Ag News
Michigan farm giant finds lender to take on $145.3 million of debt
Oct 12, 2017, 09:40 AM
by
System
A large west Michigan farm operation accused of defaulting on nearly $150 million in loans has found a lender to take on most of its debt.
Boersen Farms (BOHR-sen), based in Zeeland, has been sued by six debtors including CHS Capital.
According to a brief filed in U.S. District Court, LT Capital agreed to take ownership of more than $145 million owed to creditors and that LT intends to stop pursuing a federal lawsuit against Boersen.
