Farmland Industries has another four months to come up with a bankruptcy reorganization plan.
This is the second extension granted by U.S. Bankruptcy Judge Jerry W. Venters. The company filed for Chapter 11 bankruptcy protection May 31. With no objections from creditors, Venters agreed Tuesday to give Farmland until March 27 to file the reorganization plan for the nation’s largest cooperative.
The company has already announced that it will sell its fertilizer business, and is looking at rebuilding the company around its meat businesses.