Beef plant looks for investors
John Van Nostrand, The Creston News Advertiser, Iowa
via Yahoo News - January 11, 2022
Jan. 11—A spokesperson for a proposed beef-processing facility in Mills County spoke Monday in Creston looking for investors in the $450 million project.
Construction is expected to begin this spring.
Bill Menner of The Bill Menner Group, an Iowa based consulting firm emphasizing in rural development projects, explained the plant and its impact on the Iowa cattle industry. The plant is from Cattlemen's Heritage with developer Chad Tentinger.
The plant will be designed to process 1,500 head of cattle a day with one shift in operation five and one-half days a week. The plant will have 750 employees and economists predict it will have a $1.1 billion impact annually.
"This is an economic development bonanza," Menner told the audience at Quality Inn hotel. "Bonanza is not a big enough word."
Menner has planned other meetings in Mount Ayr and Greenfield this week plus other parts of the western one-third of Iowa.
"This plant is an opportunity for the state and its producers," he said.
Menner said the plant will not be like other beef-processing plants in the state that have much greater daily volume and multiple shifts. He called those plants and their influence on the cattle industry unsustainable.
"It's not supposed to be that way," he said.
Menner said Secretary of Agriculture and former Iowa Governor Tom Vilsack said there is lack of competition in the beef industry...