ColumbiaMagazine.com
Printed from:

Welcome to Columbia Magazine  
 

























 
Worm-Ron?

Lawsuits are starting to pile up against B&B Worm Farms of Oklahoma, the company that sold contracts to a number of Kentucky farmers to buy earthworms, and recent shipments to the company have not resulted in payments to farmers.

The Kentucky Attorney General's office filed suit in early April (Courier-Journal coverage), Mississippi has issued a cease-and-decist order, and recently the Oklahoma Securities Department filed a $14 million lawsuit against the beleaguered company, which filed for bankruptcy earlier this year.

B&B became the largest network of earthworm growers in the country by selling contracts for from $2,000 to as much as $80,000. According to the contracts, B & B was to buy back worms produced by the contracting farmers, and many in this region were banking on the worm production to diversify their farming income.

However, recent shipments of worms have either not been accepted or payment has not been sent, and the company's assets are frozen pending the bankruptcy litigation. This leaves farmers with tons of worms that they are unsure what to do with, and with heavy investments in buildings and storage for the worms, for which there may not be a market.



This story was posted on 2003-05-05 17:17:31
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.


 

To sponsor news and features on ColumbiaMagazine, please use our contact form.

 


























 
 
Quick Links to Popular Features


 

ColumbiaMagazine.com content is available as an RSS/XML feed for your RSS reader or other news aggregator.
Use the following link: http://www.columbiamagazine.com/columbiamagazinerss.php.

Contact us: Columbia Magazine and columbiamagazine.com are published by D'Zine, Ltd., PO Box 906, Columbia, KY 42728.
Phone: 270-250-2730 Fax: 270-751-0401


Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia! Magazine and D'Zine, Ltd. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.