Zacky Farms LLC, a Fresno, Calif.-based poultry producer, filed for bankruptcy with plans to sell itself to pay creditors owed as much as $100 million, Bloomberg News reported yesterday. The closely held company blamed the filing on heavy debt and soaring feed costs. The poultry industry has been under "severe stress due to historically high corn and soybean meal prices" leading to "significant operating losses" in its turkey and chicken business, the company said. Zacky listed as much as $100 million in assets in its bankruptcy filing.
