Witness: Turner Grain Collapse Cost Farmers $5.5M

Total represents 832,700 bushels of rice delivered for export but never paid for

Gavel 3577255 960 720

A forensic accountant testified Thursday that a group of Lonoke County farmers lost $5,491,888 in 2014 with the closing of a Brinkley grain dealer, reports theNorthwest Arkansas Democrat Gazette.

The nearly $5.5 million represents some 832,700 bushels of rice taken from their farms and delivered for export but for which they never received payment, said Stephen Leek, a certified public accountant.

Leek's testimony came during the fifth day of thejury trial of a civil lawsuitfiled by the farmers against entities of Turner Grain Merchandising Inc., which filed for bankruptcy in 2014.

Page 1 of 346
Next Page