The owner of a controversial Oregon dairy wants to sell the facility and cattle rather than immediately liquidate the herd as sought by a major creditor, the Sacramento Bee reported. Greg te Velde, owner of Lost Valley Farm in Boardman, has asked a bankruptcy judge for permission hire a real estate broker to sell the dairy and nearly 7,300 acres for $95 million. Roughly 8,750 milk and dry cows and 3,380 heifers would be listed for $14 million under the proposed agreement with Schuil & Associates, a brokerage firm specializing in agriculture. A potential investor may already be interested in the dairy. During a recent court hearing, an attorney for Washington Agri Investments, a limited liability company based in Spokane, Washington, said the firm is looking at buying the property. However, Rabobank — which loaned more than $60 million to te Velde — still wants to hold an auction as soon as possible to sell off Lost Valley Farm's cattle, arguing the herd is losing its worth.
