Local

White Oak Investors Bid To Buy The Northern Beef Packing Plant

Thursday, White Oak investors of San Francisco California, former lender to Northern Beef Packers submitted the winning bid of $ 44.35 million to acquire the Aberdeen South Dakota facility. Aberdeen Development Corporation Executive Director Jim Barringer says he’s pleased to see the plant sold and is hoping they’ll move ahead with processing the region’s beef.

White Oaks’ bid included $ 4.8 million in cash to satisfy poor liens. According to Northern Beef Attorney Rory King, once the deal is finalized, former plant workers laid off during the bankruptcy will be paid money owed to them.  Barringer says both of those are proper actions.

Barringer says there are many positives with White Oak’s acquisition including the building and the equipment on site for processing of beef.

It is not clear yet what plans White Oak has for the former Northern Beef Packing plant but local officials remain hopeful.

Recent Headlines

in Agriculture

Conflicting Court Rulings on WOTUS Leave Questions

EPA Flag 2015

Despite conflicting court rulings last week on injunctions to stop the Waters of the U.S. Rule, at least one legal…

in Agriculture

NE Ag Committee to Hold Hearing on Branding

NE Capitol

The Nebraska Legislature’s Agriculture Committee will hold a public hearing on branding on Friday September 4 in Grand Island. Ag…

in Agriculture

WCB Farmers Estimate Yield on Possible Record Crop

corn field

Western Corn Belt row crops continue to be on pace for record yields. Curt Hoffbeck is a field agronomist for…

in Agriculture

Mixed Views on Finalizing the Trans Pacific Partnership

USTR Logo

U.S. Trade Representative Michael Froman expressed optimism recently that negotiators are close to wrapping up a final Trans Pacific Partnership…

in Agriculture

Conservation Program Announcement by USDA

USDA Logo

Agriculture Secretary Tom Vilsack has announced a plan to invest over $200 million through 2018 in conservation efforts to benefit…