Fergus Falls ethanol plant files for bankruptcy
CALLAWAY -- Otter Tail Ag Enterprises ethanol plant in Fergus Falls has run into financial difficulties with a recent Chapter 11 bankruptcy filing.
But Otter Tail Ag CEO Anthony Hicks said that the filing should help the plant emerge with a good chance to succeed.
He addressed a Detroit Lakes Regional Chamber of Commerce's Agricultural Issues forum in Callaway on Thursday.
The bankruptcy filing was pre-arranged with its creditors, Hicks said.
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