Global Processing Inc., based in Kanawha, Iowa, filed for bankruptcy on Monday in the U.S. District Court for Northern Iowa. The filing comes weeks after the company had its grain licenses suspended in Iowa and surrendered its grain dealer license in Nebraska.
Fearless Grain Marketing, run by Jeremey Frost from the Onida, South Dakota, area, has drawn a cease and desist order from the Nebraska Public Service Commission for trading grain in that state without a license.