A grand agricultural experiment — a Maine farmer-owned milk company — is close to folding and will suspend milk production this week as its principles scramble to find investment funding.
MOOMilk, which stands for Maine’s Own Organic Milk, processed milk Wednesday but will suspend production on Sunday, as a variety of reasons have combined to force the business toward closure. Only skim and one percent milk are still being processed since the company’s cash flow is so low that it cannot purchase two percent and whole milk car-tons.
“We are out of money,” David Bright, MOOMilk’s secretary and one of its founders, said this week.
Although the company began with 10 member farmers from Washington, Aroostook and Kennebec counties, that number has fallen to six, threatening the company’s ability to produce enough milk to remain sustainable.
Two farmers retired; another sold his herd; and a fourth opted to switch to conventional milk from organic.