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MAJ Ken Landgren
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The largest milk producer went bankrupt. Apparently something like a 3% drop in milk consumption has made the venture unprofitable.
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PO1 Richard Cormier
PO1 Richard Cormier
4 y
Sounds like they over-reached. If 3% drop can wipe out your company. Hope someone buys it piecemeal and gets more locations operating with smaller outputs regionally versus mega corp.
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MAJ Ken Landgren
MAJ Ken Landgren
3 y
PO1 Richard Cormier - Yeah if I was a CEO and understood a 3% drop in revenue would wipe out the corporation I would have a hard time sleeping at night. I thinking farming and dairy producers face a Catch 22. Good production often leads to lower prices.
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PO1 Richard Cormier
2
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Good for them. CSA's are a viable market, normally not big enough for large farms, but now.... Good to hear.
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CW5 Jack Cardwell
2
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Thanks for sharing.
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