What is the 90%/10% rule in effect for this herd retirement?
CWT will pay successful bidders in two installments; 90% when CWT receives verification that all dry and milking cows have gone to slaughter and, at the end of the 12-month waiting period the remaining 10% plus interest if neither the producer nor the dairy premises (whether owned by the producer or leased) have been involved in the production and marketing of milk during that twelve month period.
