Nearly 60,000 fish swimming at a New Windsor, N.Y., aquaponic farm that went broke could be destined for woks in Chinatown, the Times Herald-Record reported yesterday. Michael Timmons, a biology and environmental engineering professor at Cornell University, said that he suggested to the local Cornell Cooperative Extension that Sterling Bank should “wholesale the fish live to the Chinese markets.” The bank has declined to discuss its plans as it seeks to recover money it loaned to Continental Organics, which is seeking to liquidate its assets in bankruptcy court. Sterling counts the fish and equipment associated with them as secured assets. Continental valued the fish at nearly $64,000 at maturity. The fate of the tilapia will likely be sealed today, when Chief Bankruptcy Judge Cecelia G. Morris hears Sterling’s request to be relieved of caring for them. Sterling is owed $1.9 million, according to court documents. Continental owes a total of $9.7 million against assets of $2.3 million.
