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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>UNITED STATES<BR>
SECURITIES AND EXCHANGE COMMISSION</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Washington, D.C. 20549</B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>FORM 8-K</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>CURRENT REPORT<BR>
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">Date of Report (Date of earliest event reported):
<B>November 5, 2012</B></P>

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<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BioFuel Energy Corp.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Exact Name of Registrant as Specified in
its Charter)</P>

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<TABLE ALIGN="CENTER" CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR>
    <TD STYLE="vertical-align: top; width: 32%; padding: 0; font-weight: bold; text-align: center; text-indent: 0">Delaware</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 0; font-weight: bold; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; padding: 0; font-weight: bold; text-align: center; text-indent: 0">001-33530</TD>
    <TD STYLE="vertical-align: bottom; width: 2%; padding: 0; font-weight: bold; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; width: 32%; padding: 0; font-weight: bold; text-align: center; text-indent: 0"><B>20-5952523</B></TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">(State or Other Jurisdiction</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">(Commission File Number)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">(IRS Employer</TD></TR>
<TR>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">of Incorporation)</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: bottom; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="vertical-align: top; padding: 0; text-align: center; text-indent: 0">Identification Number)</TD></TR>
</TABLE>
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    <TD STYLE="width: 100%; padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>1600 Broadway, Suite 2200</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Denver, CO 80202</B></P></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-align: center; text-indent: 0">(Address of Principal Executive Offices) (Zip Code)</TD></TR>
</TABLE>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="color: windowtext">Registrant&rsquo;s
telephone number, including area code: </FONT><B>(303) 640-6500</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">(Former Name or Former Address, if Changed
Since Last Report.)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):</P>

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<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="padding: 0; text-indent: 0">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</TD></TR></TABLE>

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<TD STYLE="width: 0; padding: 0; text-indent: 0"></TD><TD STYLE="width: 0.25in; padding: 0; text-indent: 0"><FONT STYLE="font-family: Wingdings">o</FONT></TD><TD STYLE="padding: 0; text-indent: 0">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</TD></TR></TABLE>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item <FONT STYLE="text-transform: uppercase">1.01.</FONT>&#9;Entry
into a Material Definitive Agreement</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">On November 5, 2012, BFE Operating
Company, LLC, Buffalo Lake Energy, LLC and Pioneer Trail Energy, LLC, which are subsidiaries of BioFuel Energy Corp. (the
&ldquo;Company&rdquo;) entered into an agreement (the &ldquo;Forbearance Agreement&rdquo;) with First National Bank of Omaha,
as Administrative Agent, Deutsche Bank Trust Company Americas, as Collateral Agent, and certain of the Lenders under the
Credit Agreement dated as of September 25, 2006 (as amended, supplemented and modified from time to time, the &quot;Credit
Agreement&quot;), among BFE Operating Company, LLC, Buffalo Lake Energy, LLC, and Pioneer Trail Energy, LLC (collectively, as
&quot;Borrowers&quot;), BFE Operating Company, LLC as Borrowers&rsquo; Agent, the Administrative Agent, the Collateral Agent
and the Lenders party thereto, relating to the Borrowers&rsquo; payment default under the Credit Agreement. Capitalized terms
used herein without definition have the meanings assigned to such terms in the Forbearance Agreement.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Under the terms of the
Forbearance Agreement, the Administrative Agent and the Lenders have agreed not to pursue their rights and remedies under the
Credit Agreement pending negotiation of a larger restructuring of the Term Loans under the Credit Agreement. The Borrowers
have agreed to  accrue a Default Rate of interest on the missed September 28, 2012 quarterly principal and interest payments
and to refrain from paying the management fee to the Company under their respective Management Services Agreements during
the Forbearance Period. The Forbearance Agreement and the Forbearance Period
are scheduled to terminate on November 15, 2012.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">The above description is only a
summary of the terms of the Forbearance Agreement and does not purport to be complete. You are advised to refer to the actual
Forbearance Agreement, which is attached to this report as Exhibit 10.1 and incorporated by reference herein, and to the
terms of the Credit Agreement, which has been filed with the SEC as Exhibit 10.2 to the Company&rsquo;s Amendment  No. 1 to
Registration Statement on Form S-1 (file no. 333-139203) on January 24, 2007, for the full details of the terms thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><B>Item 9.01.&#9;Financial Statements and Exhibits</B></P>

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<TD STYLE="width: 0in"></TD><TD STYLE="width: 0.5in; text-align: left">(d)</TD><TD STYLE="text-align: justify">Exhibits</TD>
</TR></TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 1.25in; border-bottom: windowtext 1pt solid; padding: 0; font-weight: bold; text-indent: 0">Exhibit No.</TD>
    <TD STYLE="width: 0.1in; padding: 0; font-weight: bold; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding: 0; font-weight: bold; text-indent: 0">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">10.1</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Forbearance Agreement dated as
        of November 5, 2012 between </FONT> BFE Operating Company, LLC, Buffalo Lake Energy, LLC and Pioneer Trail Energy, LLC, on the
        one hand, and First National Bank of Omaha, as Administrative Agent, Deutsche Bank Trust Company Americas, as Collateral Agent,
        and certain of the Lenders party thereto, on the other.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>SIGNATURES</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-indent: 0.5in">Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD COLSPAN="2" STYLE="padding: 0; font-weight: bold; text-indent: 0">BIOFUEL ENERGY CORP.</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 49%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 6%; padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="width: 45%; padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">Date: November 8, 2012</TD>
    <TD STYLE="padding: 0; text-indent: 0">By:</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding: 0; text-indent: 0">/s/ Scott H. Pearce</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Name:</TD>
    <TD STYLE="padding: 0; text-indent: 0">Scott H. Pearce</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">Title:</TD>
    <TD STYLE="padding: 0; text-indent: 0">President and CEO</TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>Exhibit Index</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"><TR STYLE="vertical-align: top"><TD STYLE="width: 0.5in"></TD>
    <TD STYLE="width: 1.25in; border-bottom: windowtext 1pt solid; padding: 0; font-weight: bold; text-indent: 0">Exhibit No.</TD>
    <TD STYLE="width: 0.1in; padding: 0; font-weight: bold; text-indent: 0">&nbsp;</TD>
    <TD STYLE="border-bottom: windowtext 1pt solid; padding: 0; font-weight: bold; text-indent: 0">Description</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">10.1</TD>
    <TD STYLE="padding: 0; text-indent: 0">&nbsp;</TD>
    <TD STYLE="padding: 0; text-indent: 0">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-size: 10pt">Forbearance Agreement dated as
        of November 5, 2012 between </FONT> BFE Operating Company, LLC, Buffalo Lake Energy, LLC and Pioneer Trail Energy, LLC, on the
        one hand, and First National Bank of Omaha, as Administrative Agent, Deutsche Bank Trust Company Americas, as Collateral Agent,
        and certain of the Lenders party thereto, on the other.</P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P></TD></TR>
</TABLE>

<P STYLE="margin: 0">&nbsp;</P>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"></P>

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{"company-data": {"conformed-name": "BioFuel Energy Corp.", "cik": "0001373670", "assigned-sic": "2860", "irs-number": "205952523", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-33530", "film-number": "121192307"}, "business-address": {"street1": "1801 BROADWAY, SUITE 1060", "city": "DENVER", "state": "CO", "zip": "80202", "phone": "303-592-8110"}, "mail-address": {"street1": "1801 BROADWAY, SUITE 1060", "city": "DENVER", "state": "CO", "zip": "80202"}}
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
November 5, 2012
BioFuel Energy Corp.
(Exact Name of Registrant as Specified in
its Charter)
Delaware
001-33530
20-5952523
(State or Other Jurisdiction
(Commission File Number)
(IRS Employer
of Incorporation)
Identification Number)
1600 Broadway, Suite 2200
Denver, CO 80202
(Address of Principal Executive Offices) (Zip Code)
Registrant's
telephone number, including area code:
(303) 640-6500
(Former Name or Former Address, if Changed
Since Last Report.)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction
A.2. below):
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
2
Item
1.01.
Entry
into a Material Definitive Agreement
On November 5, 2012, BFE Operating
Company, LLC, Buffalo Lake Energy, LLC and Pioneer Trail Energy, LLC, which are subsidiaries of BioFuel Energy Corp. (the
"Company") entered into an agreement (the "Forbearance Agreement") with First National Bank of Omaha,
as Administrative Agent, Deutsche Bank Trust Company Americas, as Collateral Agent, and certain of the Lenders under the
Credit Agreement dated as of September 25, 2006 (as amended, supplemented and modified from time to time, the "Credit
Agreement"), among BFE Operating Company, LLC, Buffalo Lake Energy, LLC, and Pioneer Trail Energy, LLC (collectively, as
"Borrowers"), BFE Operating Company, LLC as Borrowers' Agent, the Administrative Agent, the Collateral Agent
and the Lenders party thereto, relating to the Borrowers' payment default under the Credit Agreement. Capitalized terms
used herein without definition have the meanings assigned to such terms in the Forbearance Agreement.
Under the terms of the
Forbearance Agreement, the Administrative Agent and the Lenders have agreed not to pursue their rights and remedies under the
Credit Agreement pending negotiation of a larger restructuring of the Term Loans under the Credit Agreement. The Borrowers
have agreed to  accrue a Default Rate of interest on the missed September 28, 2012 quarterly principal and interest payments
and to refrain from paying the management fee to the Company under their respective Management Services Agreements during
the Forbearance Period. The Forbearance Agreement and the Forbearance Period
are scheduled to terminate on November 15, 2012.
The above description is only a
summary of the terms of the Forbearance Agreement and does not purport to be complete. You are advised to refer to the actual
Forbearance Agreement, which is attached to this report as Exhibit 10.1 and incorporated by reference herein, and to the
terms of the Credit Agreement, which has been filed with the SEC as Exhibit 10.2 to the Company's Amendment  No. 1 to
Registration Statement on Form S-1 (file no. 333-139203) on January 24, 2007, for the full details of the terms thereof.
Item 9.01.	Financial Statements and Exhibits
(d)
Exhibits
Exhibit No.
Description
10.1
Forbearance Agreement dated as
        of November 5, 2012 between
BFE Operating Company, LLC, Buffalo Lake Energy, LLC and Pioneer Trail Energy, LLC, on the
        one hand, and First National Bank of Omaha, as Administrative Agent, Deutsche Bank Trust Company Americas, as Collateral Agent,
        and certain of the Lenders party thereto, on the other.
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SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
BIOFUEL ENERGY CORP.
Date: November 8, 2012
By:
/s/ Scott H. Pearce
Name:
Scott H. Pearce
Title:
President and CEO
4
Exhibit Index
Exhibit No.
Description
10.1
Forbearance Agreement dated as
        of November 5, 2012 between
BFE Operating Company, LLC, Buffalo Lake Energy, LLC and Pioneer Trail Energy, LLC, on the
        one hand, and First National Bank of Omaha, as Administrative Agent, Deutsche Bank Trust Company Americas, as Collateral Agent,
        and certain of the Lenders party thereto, on the other.