Monday, January 7, 2013

Grant Family Farms files for Chapter 7 bankruptcy

Posted By on Mon, Jan 7, 2013 at 4:08 PM

Late last week, Grant Family Farms, a pioneer and state leader in the sustainable foods and community supported agriculture movements — it boasted around 4,500 CSA members in 2012 — announced that it had declared Chapter 7 bankruptcy Dec. 28.

A press release, quoted from in this Denver Post article, describes the reasons for the financial trouble as well as the uncertain future plans for the farm.

Grant Family Farms

Here it is in full:
Wellingon, CO - Despite all best efforts to the contrary, and along with many other organic farmers in the United States, Grant Family Farms has been struggling financially over the last several years. Ineligibility for crop insurance coupled with millions of dollars in damage from hail storms and drought — not to mention a massive spinach recall, has left the farm in a financial situation that it’s been unable to overcome. As a result, on Friday, December 28, 2012, Grant Family Farms has declared Chapter 7 bankruptcy.
First and foremost, Grant Family Farms wants to thank the community for their support and loyalty to the farm throughout the years. With this gracious understanding, the Farm would like to take this opportunity to be as open and honest as possible with the community about the current situation.
Grant Family Farms is confident that some things are worth saving — and believes that this community supported farm is one of them. The Farm is working hard and is hopeful that it will emerge from this disappointing situation better than it went in.
Grant Family Farms has been farming in Colorado for 61 years. It was, proudly, the first Certified Organic Farm in the state — in addition to being instrumental with helping Colorado create the process of organic certification and developing the laws that emerged as a result. Throughout its history, Grant Farms has developed an effective local food system with grains, animals, and veggies — on a community supported and wholesale level alike — in addition to building the largest CSA in the nation. The Farm recognizes these distinctions as being a direct result of the amazing support it’s received, and continues to receive, from this amazing community — and it is eternally grateful to the community for that.
In many ways, the Farm has continued to improve and, most certainly, continues to be committed to the CSA community — the life and breath of this farm. The Farm truly hopes that it can count on the community’s continued support and generous patience and it makes this transition towards the future.
At this time, Grant Family Farms is hesitant to offer any specifics with regard to tomorrow. It can say that beyond Chapter 7, nothing is set in stone — and it is important to the Farm that it doesn’t churn the cogs in the rumor mill. But, please know that the Farm’s CSA members and community will be the first to know when there is any additional information to share. The Farm is as hungry for conclusions as the community is for answers — and it will continue to keep information posted in the timeliest manner possible. The Farm anticipates speculation from a variety of sources, but wants the community to know that this is the voice of the Grant Family, the Farm, and the CSA team.
Once again, Grant Family Farms wants to extend a gracious thank you to the community for its continued support, understanding, and patience as it traverses this most difficult path. While the Farm looks forward with hope to what the future might bring — it does so with the anticipation that our community and our amazing CSA family, will be there with us.

And here is a 2012 media kit, which provides more historical background on the land and its farmers as well as the widely popular CSA program and farm's charitable arm:

We'll update this posting or provide more info in our news section in this week's Indy should the farm answer our request for comment.

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