Orange County Breeze
News of Northwest Orange County, CA
Southland Credit Union | You Can Join! | Find Out How

Alamitos Eye Care | Supports LAUSD, LAEF, and Youth Center Programs | 562-430-6161 | 10951 Cherry St., Los Alamitos

(Click above for more information.)

Race on the Base | Feb. 28, 2015 | Register Now!



Business

September 15, 2012
 

Harman successful in shepherding change to dairy law

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



 
 

 
DARTS-cover-art-201502

Top Ten Stories for January 2015

These were the most read stories at Orange County Breeze over the last week (excluding weather forecasts): Anaheim Marine subdues armed robbery suspect in Washington State Anaheim PD arrests two suspects in shooting murder at T...
by shelley
0

 
 
GOES West rainbow infrared satellite image for Sunday, Feb. 1, 2015. Photo courtesy of NOAA.

Seven-day local weather forecast, 01 February through 07 February

Forecast details Sunday: Sunny, with a high near 75. Calm wind becoming southwest around 5 mph in the afternoon. Sunday Night: Patchy fog after 10pm. Otherwise, mostly cloudy, with a low around 51. Calm wind. Monday: Patchy fo...
by courtesy
0

 
 
power-outages

Unplanned power outages in Orange County as of Sunday, Feb. 1

As of this evening, Southern California Edison is working on the following power outages: Cypress, Dennis St. north of Ball Rd.: Started at 7:26 a.m. on Feb. 1. Edison is looking into the cause in order to restore power to 537 ...
by shelley
0

 

Subscribe to our daily overnight news summary!

 
seal of the Orange County Sheriff-Coroner

Norwalk man dies after I-5 collision in Buena Park

According to the Orange County Coroner, Norwalk resident Manuel Mejia, 45, was injured around 5:45 a.m. on Saturday, Jan. 31, in a collision on the southbound Santa Ana (I-5) Freeway south of Beach Blvd. in Buena Park. The vict...
by shelley
0

 
 
DARTS-cover-art-201502

Top Ten Stories for Jan. 26 through Jan. 31

These were the most read stories at Orange County Breeze over the last week (excluding weather forecasts): California Supreme Court affirms dismissal of case against company that hired Michael Jackson’s doctor Game plan f...
by shelley
0