For Tri-State Livestock News
At the end of January, Tyson Fresh Meats filed a lawsuit against one of the largest farming and ranching families in Washington, Easterday Ranches, in an effort to recover losses from fictitious fed cattle sales and feed costs. Additionally, Tyson was hoping to recover 54,000 head of cattle still standing in an Easterday feedlot north of Pasco, Wash. The lawsuit was filed in Franklin County Superior Court in Pasco.
On Feb. 1, days after Tyson sued Easterday Ranches, the ranching operation filed for chapter 11 bankruptcy in federal court. Official Form 204 in Easterday Ranches’ bankruptcy filings lists 20 of their largest unsecured claims. The top unsecured claim comes from Tyson Fresh Meats with at least $225 million. The second largest unsecured claim comes from Segale Properties at $8,647,408.57. All 20 unsecured claims add up to $236,671,645.
By Mackenzie Johnston, Reporter
At the end of January, Tyson Fresh Meats filed a lawsuit against one of the largest farming and ranching families in Washington, Easterday Ranches, in an effort to recover losses from fictitious fed cattle sales and feed costs. Additionally, Tyson was hoping to recover 54,000 head of cattle still standing in an Easterday feedlot north of Pasco, Washington. The lawsuit was filed in Franklin County Superior Court in Pasco.
On February 1, days after Tyson sued Easterday Ranches, the ranching operation filed for chapter 11 bankruptcy in federal court. Official Form 204 in Easterday Ranches’ bankruptcy filings lists twenty of their largest unsecured claims. The top unsecured claim comes from Tyson Fresh Meats with at least $225 million. The second largest unsecured claim comes from Segale Properties at $8,647,408.57. All twenty unsecured claims add up to $236,671,645.
Courtesy of Easterday Farms public Facebook page
Updated Monday, Feb. 8, 2021, 5 p.m. PT
The Easterday family spread unfurls across the Columbia Basin yawning onion farms, massive potato sheds, huge swaths of ground cut into pens for cattle and a fleet of employee vehicles and tractors.
But the Easterday family has other assets: A million-dollar house in Phoenix and a private plane and hangar.
Since December, Easterday Ranches has been embroiled in an alleged scandalous cattle rustling scheme. The charge: Easterday invented 200,000 head of cattle on paper. Major client Tyson Fresh Meats sued, asking for compensation of at least $225 million for the ghost herd. Days before the lawsuit was filed, the Easterdays sold one of their key properties a cattle feedlot called the “North Lot” in Franklin County to a competitor of Tyson for $16 million.
Easterday s North Lot is one of the largest concentrated cattle feeding operations in Washington. It was sold Jan. 22 to AB Livestock, a Tyson competitor. Credit: Courtesy of Franklin County, Washington
Cattle Wars: Amid Lawsuit, WAâs Easterday Ranches Sells Big Feed Property To Tyson Competitor By
In a deepening cattle war, Easterday Ranches, Inc. has sold its so-called âNorth Lotâ property in Franklin County, Washington, to a beef competitor of Tyson Fresh Meats, Inc.
As the public media Northwest News Network reported Wednesday, Tyson recently filed a suit against Washington-based Easterday Ranches seeking to get a neutral third party to take over the business until accounts could be settled. It came after Easterday allegedly made up hundreds of thousands of cattle on paper and fictitiously fed them, costing Tyson more than $225 million.
Courtesy of Franklin County, Washington
Originally published on January 28, 2021 10:05 pm
In a deepening cattle war, Easterday Ranches, Inc. has sold its so-called “North Lot” property in Franklin County, Washington, to a beef competitor of Tyson Fresh Meats, Inc.
As the public media Northwest News Network reported Wednesday, Tyson recently filed a suit against Washington-based Easterday Ranches seeking to get a neutral third party to take over the business until accounts could be settled. It came after Easterday allegedly made up hundreds of thousands of cattle on paper and fictitiously fed them, costing Tyson more than $225 million.
But now, in a twist, Easterday Ranches has sold its major feedlot property in Franklin County known as the “North Lot” to a competitor: AB Livestock of Boise, Idaho.