Orange County Breeze
News of Northwest Orange County, CA




Business

September 15, 2012
 

Harman successful in shepherding change to dairy law

More articles by »
Written by: courtesy
Tags: , , , ,
Printer-friendly version of this post Printer-friendly version of this post
dairy farm

The following information was released by the office of State Senator Tom Harman (R-CA-35).

Senator Tom Harman (R-Huntington Beach) announced that Senate Bill 592, a measure to clarify ambiguities and remove some impediments in the California Dairy Lien law, has been signed into law.

“California’s Dairy industry has been struggling incredibly since 2008,” said Harman. “The economic trauma to the entire industry has drawn attention to the ambiguities in the Dairy Lien process. This bill represented almost two years of negotiations with industry, feed providers, banks and other stakeholders to come up with a process that clarifies the lien process. I am pleased the Governor has signed it into law.”

California Dairy industry has been in crisis for nearly 24 months. This crisis has brought industry stakeholders to review practices including how grain and feed suppliers provide credit to dairy farmers as well as other livestock producers. The Dairy Feed Lien law had not been amended since it was placed in statute 22 years ago.

The California dairy industry has lost $2 billion in equity since the collapse of the market in the fall of 2008. Many feed suppliers maintained service to dairies as long as it has been viable, but have also had significant capital losses during this time. As some dairies have become “distressed assets” or even filed for bankruptcies, this little known dairy lien law became recognized – with various applications.

California Grain and Feed Association undertook a significant process of analyzing and reviewing the law and its deficiencies, as well as industry business practices to better understand what had gone wrong and what could be adjusted. Several technical and substantive elements of the lien law were identified and corrected in this bill.

SB 592 was sponsored by California Grain and Feed Association.

Featured photo

Enhanced by Zemanta


About the Author

courtesy
This author is used when OC Breeze publishes news releases from other organizations.



Subscribe to our daily morning email news update!
 
 

 
Seal Beach Police Chief Joe Stilonovich with members of the board of the newly launched Seal Beach Police Foundation. Photo by C.E.H. Wiedel.

Seal Beach Police Foundation launches

For several years, a slowly simmering pot of community service and a heart of need has been beating. As of today, Monday, July 21, the collaboration and pre-work has been done to announce the newly formed Seal Beach Police Foun...
by courtesy
0

 
 
EWTN-logo-square

Eternal Word Television Network to open facility on Christ Cathedral campus

EWTN Global Catholic Network has begun construction of its first West Coast television news and broadcast facility located within the iconic Tower of Hope on the Christ Cathedral campus. EWTN hopes to begin broadcasting news, t...
by courtesy
0

 
 
HBPD-shoulder-patch

Huntington Beach teen arrested after threats posted online against surfing event

On July 25, 2014 at approximately 12:00 PM the Huntington Beach Police Department (HBPD) received information from another law enforcement source regarding a possible threat of violence at the Vans US Open of Surfing. The event...
by courtesy
0

 

Subscribe to our daily overnight news summary!

 
Residential burglary suspect Ruby Adams, mother of Gus Adams. Photo courtesy of LBPD.

Third suspect in Long Beach residential burglary arrested

Today, Friday, July 25, 2014, Long Beach Police Homicide detectives presented its case involving a residential robbery that occurred in the area of Terry Lynn Place and Country Club Drive on Tuesday, July 22, 2014, to the Los A...
by courtesy
0

 
 
Residential burglary suspects Andrea Miller (deceased) and Gus Adams. Photos courtesy of LBPD.

Long Beach homeowner shoots at burglars, kills one, drives off second

On Tuesday, July 22, 2014, at approximately 8:55 p.m., Long Beach Police were dispatched to the area of Terry Lynn Pl. and Country Club Dr. regarding a shots fired call, where a woman was found deceased. When officers arrived, ...
by courtesy
0