McClatchy Newspapers
FRESNO, Calif. — Fresno-based Zacky Farms, one of the largest turkey producers in the U.S., has filed for Chapter 11 bankruptcy, blaming high feed prices for soaring losses in recent years.
The bankruptcy filing sets the stage for an auction sale of the company by mid-January, according to court documents filed in Sacramento.
In its bankruptcy petition, the company said it faced between $50 million and $100 million in debts. Court records indicate that among the largest creditors are companies that provide poultry feed for Zacky Farms.
In court documents filed Oct. 9, the. . .
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