When to Consider Filing for Bankruptcy in California
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Peach growers throughout the Yuba-Sutter area and Central Valley are reckoning with the fallout from the bankruptcy of Del Monte, a brand known for its canned fruit, which stranded many California growers with 20-year contracts for peaches totaling more than $550 million. The company’s collapse left Pacific Coast Producers, a cooperative of growers, as the lone processor of peaches, and consequently, the only prospective buyer for nearly 75,000 tons of peaches otherwise grown for Del Monte. For
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Peach growers throughout the Yuba-Sutter area and Central Valley are reckoning with the fallout from the bankruptcy of Del Monte, a brand known for its canned fruit, which stranded many California growers with 20-year contracts for peaches totaling more than $550 million. The company’s collapse left Pacific Coast Producers, a cooperative of growers, as the lone processor of peaches, and consequently, the only prospective buyer for nearly 75,000 tons of peaches otherwise grown for Del Monte. For
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