Senator Tom Harman of Huntington Beach was recently successful in getting Senate Bill 592 signed into law. The new bill will help to clarify ambiguities and remove some impediments in the California Dairy Lien law. Harman adds, “California’s Dairy industry has been struggling incredibly since 2008. The economic trauma to the entire industry has drawn attention to the ambiguities in the Dairy Lien process. This bill represented almost two years of negotiations with industry, feed providers, banks and other stakeholders to come up with a process that clarifies the lien process. I am pleased the Governor has signed it into law.”
For the last two years, the California Dairy industry has seen industry stakeholders looking into practices regarding how grain and feed suppliers provide credit to dairy farmers as well as other livestock producers. The Dairy Feed Lien law was first signed into law 22 years ago, and had not been amended since. Clearly, it was time for this change. The California dairy industry has lost $2 billion in equity since 2008, and although many feed suppliers maintained service to dairies during that time, they too are now recognizing capital losses.
SB 592 was sponsored by California Grain and Feed Association, and because some dairies have become “distressed assets” or filed bankruptcies, the dairy lien law came into effect. The California Grain and Feed Association analyzed and reviewed the law along with industry business practices to better understand what had gone wrong and what could be adjusted in order to better serve both industries.
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