New campaign ad blames Budd for agriculture company bankruptcy

• Farmers and creditors ultimately received less than half of their lost earnings in a settlement, in which there was no admission of wrongdoing.

The other side: Budd's senior advisor Jonathan Felts told The Washington Post last year that Budd played no role in the company that declared bankruptcy, AgriBioTech.

• Budd's father, Richard, also defended his son, telling the WaPo: "I wish my personal efforts to save ABT had been successful, but they were not."

Between the lines: The ad indicates Beasley's campaign is seeking to derail Budd's attempts to appeal to rural, agriculture-dominated parts of the state.