Twenty-two Franklin Parish farmers have been paid for their grain after Lakeland Grain Company in Winnsboro, LA,was placed in receivershipby the State Department of Agriculture and Forestry, says Commissioner Mike Strain.
According toThe Franklin Sun, more area farmers will soon be paid after their claims are processed, Strain says. Some two million bushels have been sold from the elevator.
About 100 farmers were not paid for their product after Lakeland Grain lost its cash line of credit with Concordia Bank & Trust Company and did not have funds to pay for the grain.
