In summary, 15 years ago, when the market crashed in 2007, a series of unfortunate events began to unravel. It began with our company’s value plummeting quickly and us asking to restructure one of our loans. We attended both civil and federal court hearings for three years, our farm was then foreclosed, we were evicted, and the farm was put up for auction. We lost 40 acres and maintained 100 – then, when we thought all was lost and the farm was about to be put on the market, the bank had to offer us one chance to buy it, and we were able to purchase it back.
Near the beginning, within the 30 days window we had to file for protection, the bank convinced the federal judge to freeze our cash collateral, meaning 100% of all farm revenue went to the bank. Our family was left with nothing to live on, unable to pay light and heating bills, and without enough to buy bottle inventory to keep and maintain our customers.
This was tough. We simply couldn’t afford to potentially lose our heritage and our way of life. Yet, we refused to succumb to hopelessness, always keeping the faith.