As David Valadao gets ready to fend off a challenge for his 21st congressional seat this fall, his family farm is fending off lawsuits.
The two suits allege Valadao and his farm owe millions of dollars in farm related debt.
Congressman David Valadao’s dairy farm roots are a big part of his personal story.
But one of the two dairy farms of which he is a partner has run into financial trouble two lawsuits allege.
The first, filed in Fresno County in November by Rabobank names Triple V Dairy and several partners including Valadao as defendants.
According to his Congressional Financial Disclosure Report, Valadao is a partner at Triple V dairy farm in Tulare, which is valued between one and five million dollars.
The Rabobank suit alleges Triple v has defaulted on a herd / feed loan and a heifer loan, owing over 8 million dollars.
The second, filed in Stockton in February by Lawley’s Inc, a cattle nutrition manufacturer, also names Triple V and Valadao as defendants.
Lawley’s alleges Triple V owes over a million dollars for nutritional animal products and services provided.
Valadao’s office pointed us to a quote from Eddie Valadao–Congressman Valadao’s brother and Triple V partner–in The Mercury News which reads, “As the price of raw milk continues to decline, dairy operations throughout the nation, including Triple V Dairy are struggling.
“We will review our operations as we continue working to outlast this market downturn,” the quote continued.
Valadao had no official comment.
We reached out to Triple V Dairy as well as the attorneys in the Rabobank suit, but did not hear back.