Home » Eurofresh Farms files bankruptcy

Eurofresh Farms files bankruptcy

Apr 24, 2009 10:30 AM

Eurofresh Farms, America’s largest greenhouse grower, has filed for Chapter 11 bankruptcy protection, according to The Arizona Republic.

Eurofresh cited $300 million in debt, labor shortages, and crop diseases for the decision. Company Chief Executive Officer Dwight Ferguson said too much debt existed on the balance sheet, the Republic said.

The Dutch-founded company grows tomatoes, cucumbers, and bell peppers hydroponically. Eurofresh has 318 acres of facilities with locations in Willcox and Snowflake, Ariz.

Eurofresh will operate as usual while in bankruptcy protection, Ferguson said.

Want to use this article? Click here for options!
© 2009 Penton Media, Inc.

Latest Jobs

resources

Fresno, CA Weather

Continuing Education

*View the entire list of courses offered.

Accredited for California, Arizona and CCA hours:

New Course
Using Organic Acids to Improve Plant Production

Healthy plants have a greater ability to resist soil pathogens and insect damage. This course details how organic acids can enhance plant health. It is accredited for 1 unit in nutrients for CCAs and .5 hours for Arizona licensees. Credit is pending at California Department of Pesticide Regulation

New Course

The ABCs of MRLs

American agriculture exports 20 to 30 percent of its production annually. For specific commodities, the percentage is much higher. When recommending and applying pest management products for crops, license Pest Control Advisers (PCAs) and applicators and farmers must be aware of which products applied are in compliance with Maximum Residue Limits (MRLs) established by foreign customers. This CE course details the MRL issue and why compliance is critical to marketing into world trade.