Struggling dairy farmers in Colorado and the nation received a $290 million boost from the U.S. Department of Agriculture Thursday.
Posts Tagged New Frontier Bank
Six Colorado dairy farms have filed for Chapter 11 bankruptcy this year, with more expected to follow, reports The Denver Post.
This report adds to mounting evidence of the kind of stress workers in the state’s agriculture sector…
The failure of the $2 billion New Frontier Bank of Greeley April 10 has left farmers and dairy owners struggling to find agriculture loans to finance the impending growing season, The Greeley Tribune reports. “This is the time of year when farmers need to rely on a line of credit,” said Tony Miller, president of First FarmBank of Greeley.
Colorado banking regulators shut down the $2 billion New Frontier Bank of Greeley Friday night and federal officials stepped in to cover insured deposits after no buyer could be found, the Federal Deposit Insurance Corporation announced. It’s the largest bank failure in the nation so far this year and the second Colorado bank to go under following the failure last month of Colorado National Bank in Colorado Springs.