Saturday, November 28, 2015
Current Weather
Loading Current Weather....
Published: Sunday, 10/10/2010

Foreclosure filed on Vreba-Hoff dairies


HUDSON, Mich. - A mortgage company is seeking to foreclose on $55 million in loans to Vreba-Hoff dairies in southeast Michigan and northwest Ohio.

The Daily Telegram of Adrian reports Delaware-based Rabo Agrifinance filed the foreclosure complaint Tuesday in federal court in Grand Rapids, Mich.

A judge is to hear an emergency motion Oct. 19 on a request to appoint a receiver to take over three dairies with thousands of cows near Hudson and three others in Fulton County.

Rabo Agrifinance alleged Vreba-Hoff defaulted on loan payments and allowed property taxes to go unpaid.

A dairy spokesman had no immediate comment.

On Tuesday, the state of Michigan filed a $580,000 lien against Vreba-Hoff LLC's two dairies in Lenawee and Hillsdale counties after the company allegedly failed to pay an agreed-upon settlement in a 2003 environmental case.

Judge James Giddings gave the state and the dairy until Oct. 18 to reach a settlement, including any outstanding financial issues regarding the operation of a pair of 2,000-head dairies.

Recommended for You

Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Points of Interest