Farmland Dairies LLC has filed its Disclosure Statement and Plan of Reorganization with the United States Bankruptcy Court for the Southern District of New York.
"We have worked very closely with our creditors to develop a plan of reorganization that should be accepted, approved and executed in the coming months," said James A. Mesterham, the chief restructuring officer of Farmland. "The filing of our plan is a milestone that is one of the final steps towards allowing Farmland to emerge as a strong competitor in the dairy industry."