One would think that in Wisconsin the Dairy industry would never take a hit. Seems times are changing and the Golden Guernsey facility is closing after some 83 years of operation. It was owned by some investment firm from the west coast--why someone from another state has to own it is beyond me, but that is the way much is now----lucky it is not China.
The reason stated were that the sale price of milk is very low and their operating cost are too high. The later part of this seems to point to labor wages. Same old game, blame labor, that would be labor that wants to make a living wage. I am sure they wanted labor to drop wages and they baulked. Why not charge a high price for milk?
One also has to wonder if this is not another investment group that operates like Romney's Bain Capitol, buys out business then salvage sells them for a profit while putting 100 folks out of work. I think they call it venture capitalism, or is it vulture capitalism. About the same.Then maybe they will declare bankruptcy, reform, restructure and force the folks holding the loan to take a bath--probably the bath will be passed on to the public somehow.
It is a bottling plant and distributor that apparently largely supplies schools and institutions. The implications were that the customers all could find milk elsewhere. One just has to hope it is in Wisconsin in that we, as a state, are 47th in the nation in producing jobs. Another 100 down the drain, and these are jobs in the food business, not manufacturing of worthless plastic. This is a real commodity.
The fact that the newspaper cost me $1.75 also has to catch a person's eye. There is another industry in trouble, Maybe a sign of the digital times. Interesting revolution.
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