Delta farmers file suit after Missouri bank seizes harvest in grain elevator bankruptcy

A group of Mississippi Delta farmers is suing Missouri-based UMB Bank in federal court after the bank seized their fall harvests as collateral from Express Grain, a Greenwood grain elevator and biodiesel refinery. The farmers, in a class action lawsuit, claim UMB Bank knew Express Grain was teetering on financial collapse and propped the company up through the fall soybean and corn harvest until it could fill its silos at the end of September.