2010: Milk market to blame for bankruptcy at Vreba Hoff


TOLEDO — Rabo AgriFinance now owns several Vreba Hoff Dairy farms as Southern Michigan Dairies LLC.

The bank is now running Vreba Hoff I, Vreba Hoff II and the Waldron Dairy.

In addition, Van Ham Dairy LLC, a 2,200-cow dairy in Continental, Ohio, has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court in Toledo.

AgStarFinancial is listed as the main creditor in the Van Ham Dairy case, holding a $7.6 million mortgage.

Other bankruptcies. In July, two other northwest Ohio dairy farms were sold as part of a $5 million foreclosure lawsuit against Vreba-Hoff filed by AgStarFinancial Services.

Wild Cat Dairy in Paulding County was sold for $1.81 million at a public sale, and Blue Stream Dairy in Van Wert County was sold for $1.4 million.



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