Dallas based milk processor Dean Foods has filed for Chapter 11 bankruptcy. Minnesota Milk Producers Association Executive Director Lucas Sjostrom says the company is looking at possibly selling off its assets to Dairy Farmers of America. He doesn’t see Dean’s bankruptcy as having an immediate detrimental effect on Minnesota’s dairy farmers.

He says most of the fluid milk business in Minnesota is handled by cooperatives and he thinks they’re in a good position to purchase milk from dairy farmers.

Sjostrom says most Minnesota dairy farmers milk goes into cheese and butter with fluid milk being the third product.

American’s per capita consumption of fluid milk has dropped 26 percent in the last twenty years, according to USDA data., and that had an impact on Dean Food’s decision to file for bankruptcy.