That lawsuit led the court to appoint a receiver in August, transferring day-to-day operational control of Uncle Nearest to an independent third party. The receiver was tasked with stabilizing the business, protecting creditor interests and avoiding a bankruptcy filing.The CFO lawsuit followed a separate legal action filed earlier in 2025 by Farm Credit Mid-America, Uncle Nearest’s primary lender, which sued the company in July seeking repayment of more than $100 million. The lender alleged loan defaults an ...