Recently Played

Recently Played
Open Modal
On Air
Mon - Fri: 10:00 AM - 3:00 PM


Another milk producer declares bankruptcy amid consumption slump

Another milk producer has shuttered amid rising costs and slumping consumption.

Officials at Borden Dairy Company, a 163-year-old company in Texas, say they’re facing too much competition from alternatives like nut-based milks.

Compounding the issue is the rapidly disappearing dairy farm causing the cost of raw cow milk to climb 30% in the last year alone, CBS News reports.

Borden Dairy is the second large milk producer recently to file for Chapter 11 bankruptcy.

It follows filing in November by the US’s biggest milk producer, Dean Foods, which is in the middle of discussions with Dairy Farmers of America regarding its sale.

Recommended Posts

Loading...