Sixty percent of the hogs to be slaughtered at the proposed pork processing plant near Eagle Grove Iowa will be owned by the family business that will own the plant.
Jere Null, is chief operating officer of Prestage FOODS of Iowa. Prestage FOODS is the newest division in the Prestage FARMS family of companies.
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State officials have approved 11-and-a-half MILLION dollars worth of state tax credits for the proposed Prestage Foods of Iowa plant near Eagle Grove. Wright County’s Board of Supervisors meets Monday and is expected to approve a package of local incentives for the project. Null says 40 percent of the hogs that will be slaughtered at the plant will come from independent farmers.
Critics like LouAnn Krabbe of Belmond say the plant will be the poster-child for vertical integration of the industry.
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The Prestage Foods C-E-O told state officials the plant would have a 450-million dollar annual impact on Iowa’s economy.