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Stock Growers Disappointed And Concerned With Beef Plant Bankruptcy

Stock Growers Disappointed And Concerned With Beef Plant Bankruptcy

South Dakota Stock Grower Association officials are disappointed and concerned that Northern Beef Packers in Aberdeen have filed for Chapter 11 Bankruptcy. Stock Grower’s Executive Director Silvia Christen says they were hoping Northern could have overcome recent financial problems been able to process South Dakota cattle to their full capacity.

Christen says it’s also disappointing for being able to get the State Certified Beef program moving and there’s also concern about who might buy the plant in the future.

Because the bankruptcy filing was Chapter 11, there is a possibility there can be a restructuring plan and possible elimination of debts that would allow the processing plant to keep operating.

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