Tulare County dairyman and Western United Dairymen president Tom Barcellos expects “double-digit bankruptcy filings” by local dairymen in coming weeks as the feed price crunch caused by the Midwest drought hits the credit crunch at home this summer. Barcellos told the Visalia Times-Delta/Tulare Advance-Register that dairymen in the area are "getting out of the business – sending their cows to slaughter as fast as they can."
Also interviewed for the newspaper article was Fresno bankruptcy attorney Riley Walter, who has worked on 58 dairy bankruptcies in the past 18 months. The pace of bankruptcy filings “has increased dramatically in the past few weeks,” said Walter.—From the Visalia Times-Delta/Tulare Advance-Register (Click here to read the full article.)
