For a state like Oregon, whose grass seed farmers are owned an estimated $40 million by AgriBioTech, the slow progress of bankruptcy proceedings threatens the very future of our grass seed industry, our third largest commodity. Many Oregon grass seed growers simply do not have the capital to keep their farms in operation without receiving payment for their product already delivered to, or stored under contract to, AgriBio Tech.
Addressing the impact of bankruptcy proceedings on Oregon's grass seed industry.
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