New packing plant seeks investors

Legacy Beef Co-op has announced a new packing plant investment opportunity that would give family farm beef producers in Iowa, Nebraska, Kansas, Minnesota, Missouri and South Dakota access to a larger portion of the retail beef dollar.
Legacy Beef Co-op is affiliated with Cattlemen’s Heritage Beef Company, a 2,000-head-per-day plant to be built east of Omaha-Council Bluffs in Mills County. Legacy Beef Co-op members will share in the processing plant’s profitability. In addition, members would become suppliers to the Cattlemen’s Heritage facility and enjoy pricing options typically available only to large corporate feedlots.
“This is a forward-thinking way for cattlemen to better control their destiny,” said Joe Kerns, president of Partners for Production Agriculture, which is consulting with Legacy Beef Co-op. “The cattlemen’s share of the retail beef dollar has dropped from 63 percent to 37 percent since 2014. Participating in Legacy Beef Co-op allows a cattleman a new way toward sustainable income.”
Legacy Beef Co-op is hosting a series of informational meetings for beef producers. Upcoming meetings include:

Thursday, May 18 Meetings
Worthington, MN – Nobles County Library – 10 a.m.
Fairmont, MN – Martin County Library – 1:30 p.m.
Emmetsburg – The Shores at Five Island, 14 N. Lawler St. – 4 p.m.
Friday, May 19 Meetings
LeMars — Convention Center, 275 12th St. SE, 1:30 p.m.
Moville — Public Library. 825 Main St., 4 p.m.

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