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Cattle Boards
Got Milk?
dairies going bust
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<blockquote data-quote="TexasBred" data-source="post: 694107" data-attributes="member: 6897"><p>francis this is just typical. Milk prices go up and dairies increase herd size....flood the market with milk eventually driving milk prices down.......milk prices go down many increase the herd size and try to operate stictly on "cash flow" which always catches up with you sooner or latter. Not toally different than kiting checks. Some or just very very poor managers...others have worked all their life, done well but have now exhausted all reserves and are at the end of their rope. I don't know too many banks in this economy that would even go along with a Chapter 11 or Chapter 13 bankruptcy....only putting off the inevitable.</p></blockquote><p></p>
[QUOTE="TexasBred, post: 694107, member: 6897"] francis this is just typical. Milk prices go up and dairies increase herd size....flood the market with milk eventually driving milk prices down.......milk prices go down many increase the herd size and try to operate stictly on "cash flow" which always catches up with you sooner or latter. Not toally different than kiting checks. Some or just very very poor managers...others have worked all their life, done well but have now exhausted all reserves and are at the end of their rope. I don't know too many banks in this economy that would even go along with a Chapter 11 or Chapter 13 bankruptcy....only putting off the inevitable. [/QUOTE]
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