Debts force closure of Hermitage Tomato Co-op - Newsline
Rural Cooperatives, Sept-Oct, 2002 by Patrick Duffey
Touted in 1999 as an economic model for other rural communities to emulate by former President Bill Clinton, the Hermitage (Ark.) Tomato Cooperative Association folded this summer under a $9.5 million debt. Its tomato processing center, never put to use, along with other cooperative property and equipment, will be sold at auction Oct. 11 by Farmer's Bank of Hamburg, Ark.
COPYRIGHT 2002 U.S. Department of Agriculture, Rural Business - Cooperative Service
COPYRIGHT 2004 Gale Group
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