Easterday secures approval of bid procedures for Washington farms

By Sarah Lizee

Olympia, Wash., April 29 – Easterday Ranches, Inc. and Easterday Farms secured court approval of the bid procedures for the sale of their assets, according to an order filed Wednesday with the U.S. Bankruptcy Court for the Eastern District of Washington.

The assets include farm properties consisting of about 81 parcels, all located in Benton County, Wash. All of the properties, including third-party ownership interests in the properties, are being marketed to be sold together, along with related farm equipment and other personal property.

The company said it anticipates choosing a stalking horse bidder in late April or early May, subject to court approval. There may be a break-up fee and expense reimbursement.

Under the bid procedures, bids are due by 7 p.m. ET on May 31, an auction, if needed, will be held on June 14, and a sale hearing will be held on July 14.

Easterday Ranches is a Pasco, Wash.-based cattle operator. The company filed bankruptcy on Feb. 1 under Chapter 11 case number 21-00141.

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