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Receiver takes over debt-laden Barnes Family Farms - Business North Carolina

Summary by Business North Carolina
Barnes Family Farms Corp., the eastern North Carolina business that is among the nation’s largest sweetpotato growers, is now led by a court-appointed receiver after defaulting on $40 million of loans with a large Dutch bank. Johnny Barnes Johnny Barnes, a member of NC State’s board of visitors, and his wife, Lisa Stone Barnes, are listed as defendants in a Nov. 6 order issued by Superior Court Judge Timothy Wilson. Lisa Barnes is a state senato…
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Business North Carolina broke the news in on Thursday, December 19, 2024.
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