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Financial uncertainty hits B.C. dairy farmers as major operation forced into creditor protection

Court documents cite bank's 'aggressive' tactics for money woes facing 'at least' six other farmers

CBC NewsJason Proctor

Ted Dykman grew up on the Abbotsford dairy farm an accounting firm now oversees.

Over the past 60 years, his family-owned cattle company has navigated industrial change, weather woes and the raising of large-scale livestock — only to see a dispute with a bank bring the business to its knees. 

A B.C. Supreme Court judge placed Dykman's farm into creditor protection late last month following an application from the Bank of Nova Scotia citing a default and mounting interest payments on $75 million w…

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Read the full story on the CBC website

Financial uncertainty hits B.C. dairy farmers as major operation forced into creditor protection

SOURCE www.cbc.ca

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https://abbotsford.lokol.me/s/financial-uncertainty-hits-bc-dairy-farmers-as-major-operation-forced-into-creditor-protection-14038-10043276
CBC NewsJason Proctor, Posted: Dec 10, 2024 8:00 AM EST | Last Updated: 5 minutes ago
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