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Dean Foods declares bankruptcy

by Rachel Lynn Aldrich
Posted 11/13/19, 11:44 am

Americans are moo-ving on from milk. The country’s biggest dairy company filed for bankruptcy on Tuesday. Dallas-based Dean Foods said it may sell its business to the Dairy Farmers of America, a farmer-owned marketing cooperative.

What made Dean Foods go bankrupt? The company blamed its failure on the 40 percent drop in milk consumption in the United States since 1975. Americans have shifted to other beverages and milk alternatives, often driven by health concerns. Over the past year, U.S. sales of oat milk rose 636 percent while cow’s milk dropped 2.4 percent, according to Nielsen. Dean Foods derived 67 percent of its sales from milk last year.

Dig deeper: From the WORLD archives, read this report about state battles over the small-scale sale of unpasteurized milk.


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Rachel Lynn Aldrich

Rachel is an assistant editor for WORLD Digital. Follow Rachel on Twitter @Rachel_Lynn_A.

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  • news2me
    Posted: Wed, 11/13/2019 07:17 pm

    I drank milk all my life. I come from a family of 8 (6 kids). The first four children from one father all drank whole milk and were never fat. The last 2 from a different father decided drinking low or non-fat milk would keep the calories off. Those 2 were over weight. Drinking diet-sodas didn't help them either. Is it in their genes? ;-) 

     

  • news2me
    Posted: Wed, 11/13/2019 07:28 pm

    I remember when we could drive up to a Farm Store that was open on both sides. It was a drive thru. We would buy milk, and maybe ice cream, pay, and leave. Never got out of the car. Could shop in your pjs. At one point later on when I was older they had to enclose it with like a chain link fence. Probably too many robberies just like 7-11. It has been taken over by Cuban immigrants. Like most things in Miami, they got free checks from the gov't when they arrived and opened their own stores.  

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