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Cedar Rapids, IA - Court OK's $2.5 Million in Funding for Reopening of Agriprocessors |
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Published on:
Dec 02, 2008 at 07:07 PM
News Source: The Gazette
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A court-appointed bankruptcy trustee, Joseph Sarachek, says the court on approved a $2.5 million advance from the First Bank Business Capital of St. Louis. The money will allow Agriprocessors Inc. to resume the processing of its inventory of about 750,000 chickens and hens through Jan. 9.
Sarachek says production at the company's plant in Postville, Iowa, could begin this week.
Agriprocessors has been accused of immigration and child-labor violations. First Bank is owed about $34 million by Agriprocessors and has foreclosed on the company, but without the advance the chickens would likely starve.
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Read Comments (29) — Post Yours »
1
Dec 02, 2008 at 07:45 PM PETA Be Damned Says:
It would serve the PETA fanatics right if all of the chickens starved due to PETA's instigation of the dubious lawsuits.
2
Dec 02, 2008 at 07:33 PM Anonymous Says:
Mazel Tov
3
Dec 02, 2008 at 07:28 PM Anonymous Says:
mazel tov
4
Dec 02, 2008 at 08:26 PM MP Says:
What about the cattle?
No beef?
5
Dec 02, 2008 at 08:20 PM Anonymous Says:
tommoro will bezras hashem start schita
6
Dec 02, 2008 at 09:53 PM Anonymous Says:
Ok, they'll be chicken but what about the beef ?
7
Dec 02, 2008 at 09:41 PM Anonymous Says:
“ What about the cattle?
No beef? ”
not before three weeks
8
Dec 02, 2008 at 10:43 PM Anonymous Says:
“ Ok, they'll be chicken but what about the beef ? ”
How about settling just for chicken for the mean while. Why do you need the constant luxury in life?
9
Dec 02, 2008 at 11:04 PM Anonymous Says:
Beef in 3 or 4 weeks
10
Dec 02, 2008 at 11:58 PM Jewish Princess Says:
Beef, beef, beef....who cares anyway about cows at a time like this. Klal Yisrael is sick at heart from the losses in Mumbai. Can't American Jews stop thinking about the nefesh haBahamis for five minutes. My head is aching and I have a pain in my heart from our losses. Have rachmones on your arteries, anyway, all that beef takes a toll.
11
Dec 02, 2008 at 11:47 PM Mentch Says:
Di be'haymiss velin varten.
12
Dec 02, 2008 at 11:42 PM Anonymous Says:
burich hashem we hear some good news by yiden again after such a horrible week from mumbai let's pray & hope that we should hear good news from each other always
13
Dec 03, 2008 at 12:33 AM Mark Levin Says:
Where was the moron Sen Harkin for this one? I guess the TV cameras werent there or did Chuck U Schumer have them all for himself?
14
Dec 03, 2008 at 05:20 AM ubet Says:
Mazal tov! I was hoping this would happen and it did! As for beef, yes we can wait a bissle longer. As long as we see the light at the end of the tunnel.
15
Dec 03, 2008 at 05:04 AM Anonymous Says:
I would not trust anthing coming out of postville.
16
Dec 03, 2008 at 04:04 AM Anonymous Says:
By the way, there is no real shortage of meat. The trustee told the judge that there is over 11 Million Dollars (wholesale price) in frozen meet in the Agri Freezers.
This means that we must assume that any apparent or claimed "shortage" is actually a scam to be able to raise prices and the like but no real shortage ever existed nor does it exist now, since 11 Million dollars worth of meet is siting in the Agri Plant freezers and is not being sold, intentionally.
The Judge ordered the trustee to do what he can to get it sold.
17
Dec 03, 2008 at 03:57 AM Anonymous Says:
Don't get so excited. It's not for sure that the plant is opening B'Chlal.
The Trustee is only going to TRY to see if he can get the workers to agree to work although they will NOT get paid their past due wages and even their future wages will be "premises" to pay but if the business fails, (with the trustee) which is very likely, then the workers will not get paid in the end.
If the workers decide not to go back to work unless they are paid their past due balance, then the Trustee will not be able to open the plant without workers.
18
Dec 03, 2008 at 02:58 AM Anonymous Says:
B"H some good news. JPrincess I TOTALLY agree with you. After India we all need to make a Cheshbon Hanefesh -- and blaming PETA and the Feds for this mess doesn't quite cut it.... Hashem Should Help.
19
Dec 03, 2008 at 01:59 AM Boro Park & flatbush Says:
I really can not understand why the bank is letting them open.
I did my own survey. I spoke to many haymeshe store owners, heymeshe customers as well as yeshiva yungeliet and pretty much all of them said that they will never touch another Rubashkin product as long as it is still under thier ownership and as long as weissmandel is still the mashgiach!
Who are they gonna sell to? The sefardim realize how they were all fooled major time by rubashkin with all those bais yosef stickers which everyone now knows was a total fraud, even ask the truck drivers.
20
Dec 03, 2008 at 06:37 AM Anonymous Says:
“ Don't get so excited. It's not for sure that the plant is opening B'Chlal.
The Trustee is only going to TRY to see if he can get the workers to agree to work although they will NOT get paid their past due wages and even their future wages will be "premises" to pay but if the business fails, (with the trustee) which is very likely, then the workers will not get paid in the end.
If the workers decide not to go back to work unless they are paid their past due balance, then the Trustee will not be able to open the plant without workers. ”
Just remember - The trustee gets paid UP FRONT, the 'experts' that he hired gets paid, AND the Rubashkins get paid (for their expertise).
21
Dec 03, 2008 at 12:55 AM Anonymous Says:
in our great country we care more for the livelihood of chickens then for the ruined lives of 800 families,
What a great country!!!!!!
22
Dec 03, 2008 at 07:41 AM Anonymous Says:
"This means that we must assume that any apparent or claimed "shortage" is actually a scam to be able to raise prices and the like but no real shortage ever existed nor does it exist now, since 11 Million dollars worth of meet is siting in the Agri Plant freezers and is not being sold, intentionally."
I am not a lawyer, but my understanding of the bankruptcy law is that the frozen meat is part of the bankruptcy estate, and thus could not be sold without specific permission from the judge overseeing the reorganization, which has now been granted via his order to the Trustee to get the meat sold.
23
Dec 03, 2008 at 07:38 AM Anonymous Says:
“ I really can not understand why the bank is letting them open.
I did my own survey. I spoke to many haymeshe store owners, heymeshe customers as well as yeshiva yungeliet and pretty much all of them said that they will never touch another Rubashkin product as long as it is still under thier ownership and as long as weissmandel is still the mashgiach!
Who are they gonna sell to? The sefardim realize how they were all fooled major time by rubashkin with all those bais yosef stickers which everyone now knows was a total fraud, even ask the truck drivers. ”
You with the help of the the union-peata alreeady made a good job, you just want "ad rideto" ?
24
Dec 03, 2008 at 07:51 AM Anonymous Says:
“ "This means that we must assume that any apparent or claimed "shortage" is actually a scam to be able to raise prices and the like but no real shortage ever existed nor does it exist now, since 11 Million dollars worth of meet is siting in the Agri Plant freezers and is not being sold, intentionally."
I am not a lawyer, but my understanding of the bankruptcy law is that the frozen meat is part of the bankruptcy estate, and thus could not be sold without specific permission from the judge overseeing the reorganization, which has now been granted via his order to the Trustee to get the meat sold.
”
They were only in bankruptcy for 2 weeks. The 'shortage' happened before Rosh Hashana.
6 containers for Rubashkin arrived in Port Newark. Rubashkin is selling the stuff, COD. Does the trustee know about it? Why can;t the stuff go into the Brooklyn warehouse? Something smell fishy here.
Alle had no product. and when they did, it was raised 50 cents. Now, at the new price, almost everything is available.
25
Dec 03, 2008 at 08:01 AM Litvak Says:
“ You with the help of the the union-peata alreeady made a good job, you just want "ad rideto" ? ”
Again, unwarranted attacks.
Peta did not close up Rubashkin. The union did not close up Rubashkin. The competition did not close up Rubashkin. The government did not close up Rubashkin.. The left leaning rabbis did not close up Rubashkin.. The anti-semites did not close up Rubashkin.. Rubashkin's greed closed up Rubashkin.
He has $11 million in the freezer? and the Jews and gentiles in Postville are starving? And there is a 'meat' shortage? What gives?
26
Dec 03, 2008 at 08:56 AM AuthenticSatmar Says:
I am amazed at the number of so called experts that have sprung up overnight.
Does anyone know what 11 million in meat last for? Is it enough for 1 week sales or 1 month sale? Will it resolve any shortage? The answer is that it is barely enough for 10 days of product (based on the old sales). Even if it is dumped on the market it will have a momentary relief, and in 2/3 weeks we will be in shortage again.
The shortage is not fake. The demand far supersedes the supply. Alle has so far refused to supply many of the little businesses across the country that bought from Agri.
Agri's primary customer is not the "Heimishe/yeshivishe oilam" that some expert here claimed won't buy from Rubashkin. There are jews all over that went from eating Hebrew National to Agri. The "Heimishe/Yeshivishe" are a small percentage of the jewish population in this country. The fact that you don't realize that fact is worthy for a discussion of its own - but I'll save it for another time. Alle themselves lost a plant to a fire. International (and companies) no longer have the same access to product since their fight with the Star-K.
So yes there is a real shortage, and 11m in product is not that much.
However, the price increase at Alle is not because of the shortage. Its because of a rise in the price of feed, as well as a rise in price of live cattle. Meat prices of treiff has also gone up.
As for PETA, just talking about them creates the sense that they are a legitimate entity, which they are not. This is an entity that called on Ben and Jerry's ice cream to make ice cream out of human milk instead of cow milk. Need I say more.
27
Dec 03, 2008 at 11:10 AM Anonymous Says:
post number 19 a store in monsey told me that since agri closed up he got in from a different conpany he is selling only a third of till now
28
Dec 03, 2008 at 11:01 AM Anonymous Says:
“ I really can not understand why the bank is letting them open.
I did my own survey. I spoke to many haymeshe store owners, heymeshe customers as well as yeshiva yungeliet and pretty much all of them said that they will never touch another Rubashkin product as long as it is still under thier ownership and as long as weissmandel is still the mashgiach!
Who are they gonna sell to? The sefardim realize how they were all fooled major time by rubashkin with all those bais yosef stickers which everyone now knows was a total fraud, even ask the truck drivers. ”
there is a shorteg of meat ask anyone prices of alle raised almost sixty percent however I know for a fact that now that agri is out alle is selling plain Kosher NOT GLATT to stores in the states a thing that they blamed rubashkins for years for doing that.
29
Dec 03, 2008 at 01:03 PM Bubby! Says:
“ I really can not understand why the bank is letting them open.
I did my own survey. I spoke to many haymeshe store owners, heymeshe customers as well as yeshiva yungeliet and pretty much all of them said that they will never touch another Rubashkin product as long as it is still under thier ownership and as long as weissmandel is still the mashgiach!
Who are they gonna sell to? The sefardim realize how they were all fooled major time by rubashkin with all those bais yosef stickers which everyone now knows was a total fraud, even ask the truck drivers. ”
So you took a survey of your yeshivishe friends, and found that they would rather eat Hebrew National than a Chabad brand. Are there no limits to sinas chinam?
No one, not Weissmandl, not the OU, not even KAJ found any kashrus violations.
Have you been to the plant to see the operations there? Have you found any problems? So why are you throwing around accusations?
Especially now, shouldn't all of Klal Yisroel practise some ahavas yisroel?