Judge will appoint trustee to run huge Oregon dairy

A bankruptcy judge has said the U.S. Justice Department can take over the management of the second-largest dairy in Oregon.

Judge Fredrick Clement issued his decision last Wednesday on the future of Lost Valley Farm, a massive dairy farm permitted to house up to 30,000 cows, the Statesman Journal reported.

 

The dairy opened in 2017 to supply the Tillamook County Creamery Association, which makes Tillamook Cheese at a nearby factory. But the farm has been beset by management troubles related to owner Greg te Velde.

“Since filing (bankruptcy), he has continued his long-standing habits of methamphetamine usage and gambling,” Clement wrote. “Drug usage has occurred once or twice per week, and he has gambled estate monies of $2,000-$7,000 monthly. Te Velde borrowed $205,000 without court authorization, and in a one-month period took personal draws of $28,000 more than authorized.”

Link: https://www.newsobserver.com/news/business/article218471055.html