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GAIN - Grower Assistance and Information Network

Information for House
of Raeford growers


N.C. Cooperative Extension, N.C. State University and the N.C. Department of Agriculture and Consumer Services have developed a series of meetings in cooperation with other state and local organizations to provide House of Raeford growers with additional information about resources available to assist them during this time of transition.

The meetings will be held at the N.C. Cooperative Extension Center in Kenansville and in the George Upton Livestock Arena at the N.C. Cooperative Extension Center in Clinton. All meetings will take place from 6:30-8:30 p.m. Cape Fear Farm Credit will furnish drinks and snacks.

Schedule (Download PDF)

July 2, Kenansville
July 3, Clinton
Topics: Available resources; tools and methods for assessing farm profitability; tax issues; insurance issues.

July 9, Kenansville
July 10, Clinton
Topics: Exit legal and tax issues; lending relationships and farm retention; maintenance of houses and equipment.

July 23, Kenansville
July 25, Clinton
Topics: Tax evaluations; mental health and social services programs; Employment Security Commission opportunities.


Information
for Townsend/Omtron growers


In December 2012, the Townsend/Omtron bankruptcy proceedings were transferred to the U.S. Bankruptcy Court for the Middle District of North Carolina, Durham Division. A stalking-horse bidder has been established for these assets, and any potential bidders have to become a qualified bidder by July 4, 2013, at 5 p.m. Eastern time.

If Townsend/Omtron receives any qualified bids in addition to the stalking-horse bidder, then Townsend/Omtron shall hold a sale of its assets by auction on July 15 at 11 a.m. Eastern time. The auction will take place at the office of Nexsen Pruet, 701 Green Valley Road, Suite 100, Greensboro.

A hearing to approve the successful bid or bids is planned for July 17 at 11 a.m. in U.S. Bankruptcy Court for the Middle District of North Carolina, Courtroom #2, 101 Edgeworth St., Greensboro. At that time, the court shall consider the request of Townsend/Omtron to approve the sales of assets to the successful bidder or bidders and confirm the results of the auction, if any. The sale hearing may be adjourned or rescheduled without notice other than by an announcement of the adjourned date at the hearing.

Many poultry and pork producers in North Carolina are under contract with major companies to raise animals. During economic downturns, these growers may see their contracts cut or terminated. The N.C. Department of Agriculture and Consumer Services has established the Growers Assistance and Information Network — or GAIN — to provide information to producers whose contracts with integrators are affected by economic conditions.

A list of resources is available in the left column of this page by topic and by agency.

If you learn your contract has been terminated by your integrator, it is important that you remain proactive.  Taking charge of the situation immediately helps you negotiate with your lender and with any others who are expecting payments.

Here are some steps you can take to help manage your financial situation:

1. Review your financial situation:

  • How much cash do you have on hand?
  • What are your monthly recurring household expenses?
  • What are your monthly recurring farm expenses?
  • What are your other sources of income?
  • What one-time payments are due, and when?

2. Contact your lender:

3. Contact your other creditors:

  • Notify them of what has happened
  • Discuss with them acceptable terms for adjusting your payment schedule

4. Contact the power company to discuss options for reducing your power bill.

5. Notify your insurer – ask about other coverage options while your houses are empty.

6. Clean out and maintain the appearance of your houses and your property – this increases the possibility of being picked up by another company.

If you have questions, please contact Kim Decker in the NCDA&CS Marketing Division at (919) 707-3116 or kim.decker@ncagr.gov.

PGAP Resources

The USDA Farm Service Agency provided assistance to poultry growers who lost contracts because their poultry dealer filed for bankruptcy. These funds have been awarded, the program has been completed, and no other funding is available at this time.

Reporting Requirements

Accomplishments Form
.doc
| pdf

Program Details

Awards

Page updated June 28, 2013