Information for House
of Raeford growers
N.C. Cooperative Extension, N.C. State University and the N.C. Department of Agriculture and Consumer Services have developed a series of meetings in cooperation with other state and local organizations to provide House of Raeford growers with additional information about resources available to assist them during this time of transition.
The meetings will be held at the N.C. Cooperative Extension Center in Kenansville and in the George Upton Livestock Arena at the N.C. Cooperative Extension Center in Clinton. All meetings will take place from 6:30-8:30 p.m. Cape Fear Farm Credit will furnish drinks and snacks.
Schedule (Download PDF)
July 2, Kenansville
July 3, Clinton
Topics: Available resources; tools and methods for assessing farm profitability; tax issues; insurance issues.
July 9, Kenansville
July 10, Clinton
Topics: Exit legal and tax issues; lending relationships and farm retention; maintenance of houses and equipment.
July 23, Kenansville
July 25, Clinton
Topics: Tax evaluations; mental health and social services programs; Employment Security Commission opportunities.
for Townsend/Omtron growers
In December 2012, the Townsend/Omtron bankruptcy proceedings were transferred to the U.S. Bankruptcy Court for the Middle District of North Carolina, Durham Division. A stalking-horse bidder has been established for these assets, and any potential bidders have to become a qualified bidder by July 4, 2013, at 5 p.m. Eastern time.
If Townsend/Omtron receives any qualified bids in addition to the stalking-horse bidder, then Townsend/Omtron shall hold a sale of its assets by auction on July 15 at 11 a.m. Eastern time. The auction will take place at the office of Nexsen Pruet, 701 Green Valley Road, Suite 100, Greensboro.
A hearing to approve the successful bid or bids is planned for July 17 at 11 a.m. in U.S. Bankruptcy Court for the Middle District of North Carolina, Courtroom #2, 101 Edgeworth St., Greensboro. At that time, the court shall consider the request of Townsend/Omtron to approve the sales of assets to the successful bidder or bidders and confirm the results of the auction, if any. The sale hearing may be adjourned or rescheduled without notice other than by an announcement of the adjourned date at the hearing.