bankruptcy

Ag groups welcomed the rollout of the Coronavirus Food Assistance Program, of C-FAP, but said will need more relief. American Farm Bureau Federation President Zippy Duvall calls the program critically important, adding, “long-term effects of this pandemic are still rippling through the farm economy.” AFB ... Read More ...

Recently released data from U.S. Courts show that farm bankruptcies increased 23% year-to-year. An American Farm Bureau Market Intel report shows a total of 627 filings took place during a 12-month period that ended in March of 2020. That makes five straight years of Chapter 12 bankruptcy increases, including a faster rate of filing since January of this year ...

Dean Foods announced Tuesday Dairy Farmers of America as the winning bidder to acquire a substantial portion of Dean Foods' business operations. Dean Foods said. "We ran a competitive auction process and are pleased to have reached these agreements ...

Dairy Farmers of America has reached an agreement with Dean Foods to purchase the bulk of Dean’s operations for $425 million.  But that agreement will be contingent on approval from the Justice Department and a federal bankruptcy court.  Dean fil...

On Tuesday, a federal Bankruptcy Court judge approved the $49 million sale of NORPAC Foods’ Salem, Brooks and Stayton processing facilities to Lineage Logistics.  The deal is contingent on agreements being reached concerning previous union contracts.   A...

When Dean Foods filed for bankruptcy this month, questions surfaced regarding the status of partnerships with the company and the health of the dairy industry.  However, Organic Valley, a Wisconsin-based organic cooperative, says it’s Organic Valley Fresh LLC joint venture, which represents a small fraction of its milk processing and distribution, falls outside of the Dean Foods filing.  The coop.

Weather challenges, trade tensions, and long-term financial struggles continue to make life difficult in the U.S. agricultural sector.  The Wall Street Journal said those headwinds are forcing an increasing number of farmers and ranchers to take on high-interest loans from lenders outside of the Ag sector, just to stay in business.  ...

Dean Foods, a 94-year-old milk producer, is filing for bankruptcy. The largest milk producer in the country is struggling as Americans are no longer drinking as much milk from cows. This year has been especially difficult as company sales dropped seven percent in the first half of this year, with profits falling 14%...

Farm bankruptcies are at the highest level seen since 2011.  Data compiled by the American Farm Bureau Federation shows farm bankruptcies surged 24% since the trade with China began.  For the 12-month period ending September 2019, Chapter 12 farm bankruptcies totaled 580 filings, the highest level since 676 filings in 2011.   ...

Following years of low farm income, bankruptcies are on the rise.  The American Farm Bureau Federation said delinquency rates are above the historical average and trending in the wrong direction.  The AFBF’s Allison Wilton, says the number of Chapter 12 bankruptcies has increased steadily.   “Since...