Borden Bankruptcy Highlights Woes Facing Dairy Industry
The Era-Leader
In a sign of the continued woes of the dairy industry, Borden Dairy Inc, one of the country’s largest and oldest milk companies, filed for bankruptcy on Monday.
Dean Foods, the largest milk production in America, had earlier filed for bankruptcy this past November. While both of the companies cited multiple causes of their bankruptcies, one key factor was a 6% decrease in overall milk consumption in America in the past four years.