AgSouth Farm Credit, the bank that loaned Range Fuels $80 million to launch its Soperton ethanol plant, is foreclosing on the plant.
That leaves taxpayers on the hook for the $64 million portion of the loan that was guaranteed by the U.S. Department of Agriculture
Sunday, December 04, 2011
Taxpayers take another hit with bankruptcy of Bio-fuel plant
Posted by Ben Cunningham at 8:41 AM