Missouri farmer pleads guilty to $140M in false organic grain sales

(AP) A northern Missouri farmer who owned an Iowa grain brokerage has pleaded guilty to falsely marketing $140 million dollars’ worth of corn, soybeans and wheat as “certified organic.”

Sixty-one-year-old Randy Constant of Chillicothe pleaded guilty to wire fraud Thursday under a plea agreement with federal prosecutors in Cedar Rapids.

Constant faces a potential prison sentence of 12 years or more, but that could be reduced at sentencing due to his ongoing cooperation.

The deal calls for Constant to forfeit $128 million, but his lawyer says he’s broke.

Attorney Mark Weinhardt says Constant’s profit was a tiny fraction of the $140 million in total sales and mostly supported a sustainable fish production company that has failed.

Weinhardt says Constant “accepts full responsibility” for falsely representing that grain he sold was organic.