Ranchers Across The Country Raise Over $300 Million To Build Beef Plant In Effort To Compete With Industry PowerTaylor Giles
Contributor
October 17, 2021 10:51 AM ET
Ranchers from across the country have raised over $300 million to build a slaughterhouse in Nebraska, Fox News reported.
Construction on the new Sustainable Beef slaughterhouse will start this fall on 400 acres of land in Nebraska, according to Fox News.
https://twitter.com/FoxNews/status/1449491591048187913Rusty Kemp, a Nebraska rancher, launched an effort to build a sustainable beef plant because the price of cattle, despite the rising cost of meat, continue to decline, Fox reported.
Profits in the beef market have increased steadily since 2016 but the share of every dollar spent on food that goes to ranchers has gone from 35 cents in the 1970s to 14 cents recently, according to Fox News.
“We’ve been complaining about it for 30 years,” Kemp said, reported Fox. “It’s probably time somebody does something about it.”
Four companies currently hold over 80% of the U.S. beef market at 24 plants, according to Fox News.
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https://dailycaller.com/2021/10/17/nebraska-ranchers-beef-slaughterhouse-united-states-department-agricuture/