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Bankrupt AgFeed to Sell U.S. Operations in $79.2 Million Deal

Bankrupt AgFeed to Sell U.S. Operations in $79.2 Million Deal

By Amanda Brodhagen, Farms.com

AgFeed is poised to sell its U.S. operations for more than $79.2 million. The successful bidders include – High Plains Pork, Cohoma Pork, and Murphy-Brown. The company filed for bankruptcy July 15. High Plains and Cohoma will acquire AgFeed’s Oklahoma and Colorado assets, while Murphy-Brown will own the company’s North Carolina assets. The three firms will be dividing up the company’s Iowa properties. The deal does not include AgFeed’s hog operations in China.
 


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Join Jill Brokaw, a third-generation pig farmer, as she dives into the vital role of the Secure Pork Supply (SPS) Plan in preparing the U.S. pork industry for potential foreign animal disease outbreaks. This video is an essential watch for pork producers who are looking to safeguard their operations against the threats of diseases like foot and mouth disease, classical swine fever, and African swine fever. Why Should Pork Producers Care? An outbreak of foreign animal diseases in the U.S. could lead to severe restrictions and potentially result in industry-wide financial losses estimated between $15 to $100 billion. The SPS Plan is a collective effort to prevent such catastrophic outcomes by enhancing biosecurity, ensuring animal traceability, and promoting effective disease monitoring.