US Farm Closes Because Nobody Wants To Buy It Amid Dairy Industry Decline
One Bay Area dairy farm is set to close its doors amid parent-company bankruptcy and a “lack of interested buyers,” according to recent reports.
Berkeley Farms, a subsidiary of Dean Foods which has been in operation for more than 100 years, is set to cease operations by the end of the month.
“Our intention was to sell the Berkeley Farms facility as an ongoing business, meaning operations would have continued; unfortunately, the lack of interested buyers has made the decision necessary,” reads a statement sent to The Mercury News.
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Dean Foods — A Dairy Industry Bankruptcy
Dean Foods filed for bankruptcy in November of last year after reporting a net loss in seven of eight quarters.
The industry has also reported taking a hit as a result of the coronavirus pandemic, and has pled with the USDA for relief during the crisis.
Tags: animal agriculture, bankruptcy, dairy alternative, dairy industry, milk