North Texas Company Out Of Bankruptcy

North Texas Company Out Of Bankruptcy

There are 82 comments on the KRLD NewsRadio 1080 story from Dec 28, 2009, titled North Texas Company Out Of Bankruptcy. In it, KRLD NewsRadio 1080 reports that:

Pilgrim's Pride Corporation expects to come out of bankruptcy today one year after filing for Chapter 11 and with a new majority owner, J.B.S.--the Brazilian beef company.

Join the discussion below, or Read more at KRLD NewsRadio 1080.

old chicken farmer

United States

#28 Feb 20, 2010
Has anyone heard how the lawsuits are progressing? Has there been a court date set?
Friend of Grower

Simpsonville, KY

#29 Feb 20, 2010
There was a hearing on one of them the 16th I think. Now another date for March 30th. Pilgrim is still trying to get it thrown out. You can go to this web site and look under court documents and see what is going on. I don't see how they can throw any of these cases out. It is time for a real court date and get it over with. It is too late for some of these growers to keep from losing their farms but they need something to help them start over. They think that if they keep delaying the growers will give up I guess. I don't think they will give up. Most of them are fed up and don't have anything else to lose no matter how long it takes. I just can not imagine any one man being as low as Bo Pilgrim. There is no other situation that people would have put up with the treatment that the Pilgrim growers have had to endure. They were in debt and had no other choice but to keep on. Then they still got cut off.
old chicken farmer

Monticello, AR

#30 Feb 21, 2010
I agree, it's time to drag Bo Pilgrim and his cohorts to court. If I understand this correctly, Pilgrim's Pride has compensated their stockholders, give large bonuses to their upper management, and have satisfied the banks but the growers were left in financial ruin. I don't know, but it seems a little unfair, unethical, and downright criminal for a company to treat their so-called "partners" in this manner. In reality, Don Jackson and the board of directors of Pilgrim's Pride caused thousands of families to suffer financially and then received bonuses. What a way to make a living - "to make money at the expense and suffering of others".

Louisville, KY

#31 Feb 21, 2010
I wonder why word of this has not been in any of the newspapers or on the news. I have not heard anything about any of it. The public needs to know about this situation. Not just Pilgrim's being out of bankruptcy and the buy out by JBS. The public needs to know about the growers plight. It needs to be out of the bankruptcy and in court somewhere, not put on hold for years. Pilgrim paid off for the illegals and one of the other suits. I am sure they have already paid more to the lawyers fighting this than it would have cost to pay the growers. The public needs to know this.
canceled grower

College Station, TX

#32 Feb 21, 2010
I agree this should be in the news. They should be held acountable. Over 8,000 growers had to change companys or just go bankrupt some had buyout agreements they paid part of these then stoped the rest in court this is wrong of them.they are not being fair with the people they called partners untill they closed them down.The government was going to help with the new jobs bill I think Blanch Lincoln had alot to do with it getting in there but others took it out so that probley wont help any growers. This should be in the news, national news as it has happened in several states.
old chicken farmer

Monticello, AR

#33 Feb 21, 2010
I agree there needs to be more public awareness brought to this situation. Animal right's activist were able to generate more public attention than the growers have been able to acheive. They started picketing and boycotting and caused a 10% drop in Pilgrim's stock. Believe me, you adversely effect their stock prices and you will see these people jump. The growers need to take a page out of the animal rights book and use it to their advantage. The lawyers and lawsuits should be just one facet of a multi-prong attack to insure a positive outcome. The growers in ALL the effected areas should come together and start PICKETING places that serve and use Pilgrim's Pride products and I'll guarantee they will get the much needed NATIONAL attention. Or, the growers can sit quietly by relying solely on their lawyers and watch their hopes fade slowly into the sunset.

Deer Park, WA

#34 Feb 21, 2010
How do the growers get the press to report this?
old chicken farmer

Banks, AR

#35 Feb 21, 2010
You start picketing McDonalds, Applebees, and Brookshires and I'll bet you the press and cameras will show up.

Hawkins, TX

#36 Feb 22, 2010
So what if you protest and so what if stock prices go down a little...theyre just icing on the cake the money is in the bank...maybe that would have made them jump a while back but now its just bonus money.
old chicken farmer

United States

#37 Feb 22, 2010
Pitt wrote:
So what if you protest and so what if stock prices go down a little...theyre just icing on the cake the money is in the bank...maybe that would have made them jump a while back but now its just bonus money.
You are nutty. Let their stock prices fall 10% or more and you will see them jumping. That is just the way it is in business. Sounds to me like I've hit on a very sensitive issue. There isn't any corporation that wants negative publicity, even Pilgrim's Pride. JBS went ahead and paid the $4.5 million negotiated settlement to end the investigation into Pilgrim's recruitment and hiring of illegal immigrants to try and restore their tarnished image. Don't think for a minute they invite futher negative publicity. Even Toyota is jumping at the negative impact of adverse publicity. "Pitt" has just reaffirmed my thoughts about what the growers need to do in order to bring about public attention to their plight. Thanks "Pitt".
Pity Pitt

Springfield, OR

#38 Feb 22, 2010
Pitt is a total idiot. I get fighting mad every time he pipes in on here. I really, honestly believe that he is a Pilgrim.
old chicken farmer

Monticello, AR

#39 Feb 22, 2010
Trying to figure out "Pitt" and I'm leaning toward the possibility he has a vested interest in the profitability of Pilgrim's Pride. Maybe a stockholder, old friend of Bo's, family member, or a board member. You can definitely rule out that he is a grower that has been left in financial ruin. One thing about it, "Pitt" hasn't weighed in on anything in this forum in a while and the suggestion concerning PICKETING places that serve or use Pilgrim's Pride products made him JUMP.

Hawkins, TX

#40 Feb 23, 2010
Ok whatever...make your signs...waste your time...It really makes no difference though...
old chicken farmer

Banks, AR

#41 Feb 23, 2010
Why is "Pitt" so concerned about the suggestion to picket places that serve or sell Pilgrim's Pride products? I am no longer associated with this business and it was MY choice. But I know of the hard line poultry integrators take toward their independent growers. They do not want the growers to have any input whatsoever, but they can't survive without the growers. There have been meetings strictly to discuss trying to prevent growers from organizing. I know Bo, I knew Don Jackson before he left for California with Foster Farms, and I have been to a couple of wild parties thrown by Don Tyson on Beaver Lake. The one thing they all feared was those "damn growers getting together, they are trying to take over the company". If the growers in ALL the effected areas would appoint a couple of representatives and have them meet, determine what business to picket in ALL the areas, get all the ex-growers and their families involved, and pick a date, I'll gurantee they will get NATIONAL attention. If the growers do this I'll put on a Pilgrim costume with horns, a tail, and a pitchfork with a chicken skewered on it and be there with them.

United States

#42 Feb 23, 2010
I dont trust any company that has females running things as line supervisors. They're pms 24/7. I also think a company that puts a dollar above employee safety gets what it deserves. I even think that when you have to work and entire shift or 2 with no company nurse for accidents that always occur should go out of business. Maybe JBS will shut them all down to save their dollar.
growing for broke

Monticello, AR

#43 Feb 23, 2010
Considering how growers have been treated recently, I think Pilgrim's may have pooped in their nest when it comes to recruiting prospective new growers. Who would invest that amount of money, time and effort just to be used and abused ? What lender would even loan you the money ? JBS has their work cut out for them making this company respectable.
Pooped on Grower

Louisville, KY

#44 Feb 24, 2010
Does JBS know this? I understand that Farm Credit will not even talk to anyone thinking abut chicken houses. At least that is what I heard last year sometime.
old chicken farmer

Banks, AR

#45 Feb 24, 2010
Farm Credit will not loan anyone money on Pilgrim's Pride chicken houses. I know the loan officer at local FCS and was just kidding about needing money to build chicken houses. The very quick response I received was, "we will not loan money for Pilgrim's Pride houses". Passed by a shuttered farm that still had their Pilgrim sign out front. The picture of Bo had horns drawn on it with the words written under it, "The Beast".
ex grower

Camden, AR

#46 Feb 25, 2010
old farmer i saw that sign too. they are trying to hold onto their house

Hawkins, TX

#47 Feb 25, 2010
LOL! If that makes you feel better to think that...

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