Cattleman says producer-owned processing could help alleviate market issues
A Kansas cattleman says a producer-owned processing facility could help bring more transparency to the cattle markets.
Steve Macke operates a large feedlot in Northeast Kansas near Seneca and says the Iowa-based plant near Council Bluffs would give more leverage to producers. “I think it’s a good idea. I think we need to increase kills pace, packer space and slaughter space and do something to help the market out.”
Cattlemen’s Heritage is planning to build a $450 million plant in Mills County that would process 1,500 head of cattle per day and come online in 2023.
Macke tells Brownfield he’s interested in becoming an investor because the plant could help raise the value of his product. “I think the most interesting part of the system might be being able to market a better quality beef and traceability to the consumer and be able to trace it back to where it was raised.”
CEO Chad Tetinger told Brownfield in a recent interview that the plant will use state-of-the art age and source verification technology.
Cattlemen’s Heritage is offering producers and investors to purchase shares at $1,500 a with a minimum purchase requirement of 67 shares.
Brownfield interviewed Macke at an informational investor and producer meeting in Beatrice, NE.