Commercial Cattle, Dairy Operator Millenkamp Files Bankruptcy

Millenkamp Cattle Inc., part of a family-owned agriculture business that can produce more than 1 million pounds of milk per day, has filed for bankruptcy with plans to restructure existing debt.

• The cattle operation and its corporate affiliates filed Chapter 11 on Tuesday in Idaho
  • A Millenkamp corporate affiliate listed on its Chapter 11 petition assets of between $500 million and $1 billion and liabilities of between $100 million and $500 million
• Matthew Christensen, Millenkamp’s bankruptcy attorney, said the company intends to use bankruptcy to reorganize its existing secured debt and obtain Chapter 11 financing
  • Christensen said the Chapter 11 ...