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Rakhra's future still undecided

Posted: Thursday, Nov 29th, 2012

ALAMOSA — A Wednesday bankruptcy hearing that might have settled the fate of Rakhra Mushroom Farm was continued, although the continuance could not be officially confirmed by press time.

Rakhra had filed a reorganization plan as part of its Chapter 11 bankruptcy, and the court was scheduled to review and possibly make a ruling on the plan on Wednesday. The bankruptcy case is being heard in Denver.

The court apparently continued the case, however.

In the meantime, the mushroom farm, which currently employs about 130 people, is still growing and selling its product.

“We are in business. We are open,” Director of Sales Jody Peterson said on Wednesday afternoon.

She said the management team on site at the farm had not heard anything officially but understood the Nov. 28 bankruptcy court date had been continued.

Rakhra, which has employed 260-280 people in the past, filed bankruptcy in January of this year. Throughout the year the farm has continued to operate with reduced staff and growing cycles and is currently at one-third its normal operations.

Workers on Monday were concerned they had not received back pay owed them. Checks were subsequently issued on Tuesday and Wednesday, with more paychecks scheduled to be disbursed today (Thursday.)

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