Bankruptcy of the nation's top ethanol producer continues to affect communities in Nebraska.

Verasun Energy filed chapter 11 bankruptcy at the end of October.

According to the company, it will allow them to re-organize.

In a statement the company says they plan to keep their ethanol plants operational.

In Nebraska, that includes plants in Central City, Albion, and Ord.

But farmers selling their corn to those plants say they're getting a raw deal.

Farm talk in Merrick County usually turns to talk of the Verasun ethanol plant.

"Emotions have run from being very depressed, to anger to, what do I do now?" said Darrel Siekman, Merrick County extension educator.

What do you do when the company you contracted to sell your corn to files bankruptcy and won't pay the price you agreed to?

"We're talking $100,000 to $200,000 less income to what I had projected," said farmer Marvin Fishler.

"It could be a half million dollar in individual loss," said Siekman. "How's he going to make his payments? How's he going to live?"

It's even more upsetting for those who have taken a loss to honor their contract to the company.

"Last July and August, when corn was $6 or $7 I had a forward contract for $4 and I delivered. I honored my contract, as did a lot of farmers," said Fishler.

For now the plant is in operation, but there's a lot of questions surrounding it's future, especially coming from farmers with multi-year contracts.

"I've got 2010, I've got 25,000 bushel contract for between $5.50 and $6," said Fishler. "We're talking about a substantial amount of money."

And legally, there's no immediate way out.

"I have to hold this corn. I can't sell it. I can't do anything with it," said Fishler. "I have to hold that for them until they reject the contract."

And farmers like Fishler say they'll think twice before signing another contract with the company.

"They may contract, but they're not going to have the trust. They're going to have more safety measures built in. They may say, I want to make sure it's bonded. I want to make sure it's insured. I want some guarantees," said Siekman.

Siekman said the impact could reach to ag industries like pivot or equipment dealers, and even further effect vehicle sales.

Locals estimate the economic impact could be around $200 million in losses in Merrick County alone.