Rusty I wasn't saying it was a bad idea,only wondering how come PEI can get it done so cheap? According to Red Earth they are only a couple of months away from full operation. From what I understand you buy your "hooks" and you must supply the animal. It isn't a buyer of cattle at all. You don't own the "hook", you don't get your cattle killed.
Now I would say it does look attractive: $60/animal, one third down($20) and a "forgivable loan" for the $40? Apparently PEI put up half the money to build it! I wonder if Alberta, Saskatchewan, or Manitoba are putting up any money to build plants?
I find it strange that now we suddenly need more packers when about twenty years ago we had all kinds of them? Then in came the two big Americans and the others all quit because there wasn't enough cattle to go around. The only plant that stayed open was the most unstable one of all...XL. Of course the Alberta government had about $40 million sunk in that dog so maybe that explains it?
When the border opens I wonder what will happen to these new proposed plants? Not trying to be negative here, but I wonder? To survive our respective governments need to bring is some legislation to protect them from the big boys? As it sits now I doubt it would take Cargill/IBP very long to break them? Nothing really radical...maybe just some simple anti-trust laws like they have in the states? As it stands right now our whole industry up here must look like a money tree for these pirates!
Now I would say it does look attractive: $60/animal, one third down($20) and a "forgivable loan" for the $40? Apparently PEI put up half the money to build it! I wonder if Alberta, Saskatchewan, or Manitoba are putting up any money to build plants?
I find it strange that now we suddenly need more packers when about twenty years ago we had all kinds of them? Then in came the two big Americans and the others all quit because there wasn't enough cattle to go around. The only plant that stayed open was the most unstable one of all...XL. Of course the Alberta government had about $40 million sunk in that dog so maybe that explains it?
When the border opens I wonder what will happen to these new proposed plants? Not trying to be negative here, but I wonder? To survive our respective governments need to bring is some legislation to protect them from the big boys? As it sits now I doubt it would take Cargill/IBP very long to break them? Nothing really radical...maybe just some simple anti-trust laws like they have in the states? As it stands right now our whole industry up here must look like a money tree for these pirates!
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