MACHIAS, Maine — A grand agricultural experiment — a Maine farmer-owned milk company — is close to folding and will suspend milk production this weekend as its principals scramble to find investment funding.
MOOMilk, which stands for Maine’s Own Organic Milk, processed milk Wednesday but will suspend production Sunday on skim and 1 percent milk, as a variety of reasons have combined to force the business toward closure. The company’s cash flow is so low that it can only purchase 2 percent and whole milk cartons.
“We are out of money,” David Bright, MOOMilk’s secretary and one of its founders, said this week.
Although the company began with 10 member farmers from Washington, Aroostook and Kennebec counties, that number has fallen to six, threatening the company’s ability to produce enough milk to remain sustainable.
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