date:Oct 10, 2012
d last year in the same period, according to federal court records. The cases include dairy and other family-run farms that are eligible to use Chapter 12 of the U.S. Bankruptcy Code to try to reorganize their debt.
Were all hemorrhaging hard financially, said Jim Wilson, 44, whose dairy in Riverdale, California, milks about 3,000 cows and is losing about $200,000 a month. Were all on the brink of going under and just culling herds harder because we cant afford to feed them.