LINCOLN, Neb. (DTN) A hearing to determine Rabo AgriFinance LLC’s ability to block the sale of farm and ranch assets of southeastern Washington’s Easterday Ranches Inc., was delayed until the end of July.
Easterday asked a federal bankruptcy court to issue a temporary restraining order and injunction against the creditor. Rabobank is trying to collect nearly $1.1 million owed it by Easterday, as the rancher who filed for Chapter 11 bankruptcy protection looks to sell assets.
A hearing on the motion originally was scheduled for July 2, but the court granted a continuance to July 21. According to court documents, Farmland Reserve was awarded the winning bid of $209 million for the Easterday assets.