By: Julia Mitric, Capital Public Radio
The collapse of the housing market devastated cities like Stockton and Modesto. But the Central Valley’s agriculture industry weathered The Great Recession just fine. It even saw record growth, with one painful exception: dairy.
Fits Starts -Social“It was a bloodbath,” says Tom Barcellos, who owns T-Bar Dairy in Porterville.
“Some people who were on a rented place, all they had was equity on their cows,” says Barcellos. “Those were the ones that hurt the worst…the ones that actually went out of business first. And unfortunately some hung on until they had nothing. Others saw it coming and sold out.”