Freight Farms Shutters and Files for Chapter 7 Bankruptcy

Container farm company Freight Farms has closed its doors and filed for Chapter 7 bankruptcy. Its customers received an email breaking the news early May 1. “Freight Farms is ceasing operations as of Wednesday, April 30,” it said. “Serving you over these last 13 years has been our deepest honor.”

While the company hasn’t made an official statement yet, the email told customers what to expect in the coming weeks:

• Farmhand® Cloud Software: “Cloud-based services may no longer be available.” This includes remote control, monitoring, alerts, and historical data. However, the container farms can still operate manually via local hardware.
• Farmhand Shop: “We are no longer able to fulfill farm supplies and consumables.”
• Technical support and replacement parts: “The Customer Experience (CX) team will not be available.”
• Farmhand Community and Academy: Community platforms and training tools are no longer available.
• Ongoing communication: “You or someone in your organization will be contacted by a court-appointed trustee.”

Unlike Chapter 11 bankruptcy, the Chapter 7 claim means that Freight Farms’ assets will be liquidated and that the company has no plans to restructure.