Business Collapses Expose Shaky Missouri Grain System

A couple years ago, Missouri’s grain industry was rocked by two business insolvencies that saddled farmers with millions of dollars in losses. Regulators and the farmers themselves share blame for a system that had begun to operate loosely. Both sides say they have learned their lesson and have tightened up their procedures. But is it enough? Two years after the business collapses, reforms are still unimplemented.