The National Corn Growers Association (NCGA) is keeping corn growers updated about the status of pending contracts with the bankrupt ethanol producer VeraSun.

Attorneys for NCGA say that VeraSun generally seems to be handling grower contracts based on the original ownership of the ethanol facilities, but growers need to check with the plants directly to determine what arrangements can be made.

Should some of the plants be sold, attorneys say that while it seems unlikely that the buyer will want to assume above-market contracts, they will need a steady supply of corn and will need some amount of good will, or will at least want to avoid bad will among the local or regional producers – leaving the door open for a consensual agreement that could work to the grower’s advantage.