Pilgrim's Pride Closing Hope Feed Mill

Pilgrim's Pride Closing Hope Feed Mill

There are 12 comments on the ArkansasBusiness.com story from Oct 5, 2012, titled Pilgrim's Pride Closing Hope Feed Mill. In it, ArkansasBusiness.com reports that:

Pilgrim's Pride Corp. of Greeley, Colo., announced Friday that it was closing its Hope feed mill at the end of the month.

Join the discussion below, or Read more at ArkansasBusiness.com.

Broken down chicken women

Bradley, AR

#1 Oct 8, 2012
Well service man came by today and this is what we were told!!grow birds for 38days then be out for 50days and we will be getting feed from TEXAS!!!!!!!! thing does not look good !!!!!!!
It want last long now
old chicken farmer

United States

#2 Oct 9, 2012
TEXAS?!! I thought the article stated that growers would be receiving feed from the Dequeen feed mill. I'm afraid if growers are going to be getting their feed from Texas that you are justified being concerned about the viability of your farm. With birds being sold around 38 days and out time running 50 days that means only 4 flocks per year. I don't see how a farm under any kind of outstanding debt will be able to have a positive cash flow.
Ex Grower

United States

#3 Oct 9, 2012
At least they are offering a buy out to the growers that are left. The ones they cut off several years ago did not even get that option. Now those growers are still fighting Pilgrim's. And from talking to some of them, they will fight to their last breath now. It is a matter of principal to them now as much as money. Pilgrim's could have offered most of them a buy out when that came up years ago and most of the farmers would be OK now. A lot of those farmers have lost everything. But Pilgrims did not do the right thing then and now they have spent several million dollars on lawyers to try to fight paying them anything. Pilgrims is going broke paying lawyers.
Riverok

Dallas, TX

#4 Oct 9, 2012
Dear Ex Grower...

What has happened to the grower's suit against Pilgrim's Pride? I thought there was verdict. Have any farmers collected a settlement from the suit?

Riverok
Ex Grower wrote:
At least they are offering a buy out to the growers that are left. The ones they cut off several years ago did not even get that option. Now those growers are still fighting Pilgrim's. And from talking to some of them, they will fight to their last breath now. It is a matter of principal to them now as much as money. Pilgrim's could have offered most of them a buy out when that came up years ago and most of the farmers would be OK now. A lot of those farmers have lost everything. But Pilgrims did not do the right thing then and now they have spent several million dollars on lawyers to try to fight paying them anything. Pilgrims is going broke paying lawyers.
Broken down chicken women

Bradley, AR

#5 Oct 9, 2012
old chicken farm, NO we will be getting feed for TEXAS, And I have the list of down time and what they will pay.And this is not good
concerned citizen

Alachua, FL

#6 Oct 9, 2012
report this to stockyard and packers to see if anything illegal is going on, farms with mortgages can not make it on 4 flocks a year
Ex Grower

Killeen, TX

#7 Oct 9, 2012
There was a verdict in the ElDorado part of the case. It is in appeal at New Orleans. They had the trial for the Farmerville growers a couple of months ago with a different judge(the other judge retired). This judge wants to wait until after the other trials to give the verdict. They then started the Nacocoches portion of the trial and had to stop because lawyers had to go to New Oleans for some reason. They will finish that trial starting Oct 29th which is the date that the DeQueen/Hope part should have started. Don't know when that one will take place now. It is just taking forever.
old chicken farmer

United States

#8 Oct 10, 2012
Hopefully the lawyers having to stop the trail to go to New Orleans is for the appeals process in the El Dorado growers lawsuit. I did however check the docket calender in the 5th circuit court of appeals and that case still hasn't been posted. It is a shame that the only people realizing any money over this entire fiasco are the lawyers that work for Pilgrim's. But one must remember, it was Bain & Company (Mitt Romney's firm) that instigated and advised the management of Pilgrim's to implement the Alpha plan that has led to the foreclosure of so many farms.
Mable

Lampasas, TX

#9 Oct 10, 2012
old chicken farmer wrote:
Hopefully the lawyers having to stop the trail to go to New Orleans is for the appeals process in the El Dorado growers lawsuit. I did however check the docket calender in the 5th circuit court of appeals and that case still hasn't been posted. It is a shame that the only people realizing any money over this entire fiasco are the lawyers that work for Pilgrim's. But one must remember, it was Bain & Company (Mitt Romney's firm) that instigated and advised the management of Pilgrim's to implement the Alpha plan that has led to the foreclosure of so many farms.
I can't believe you came on here and used this as a campaign against Romney. This has nothing to do with the election. These people are hurting over all this and you want to campaign for Obama. This has nothing to do with that. It falls into the lap of the greedy ones at PILGRIM'S. Greed and mismanagementis behind this. And the greed goes on. They are getting worse every day. These lawsuits could have been settled for a fraction of what the legal fees are running up. Stupidity and greed.
old chicken farmer

United States

#10 Oct 10, 2012
Mable wrote:
<quoted text>
I can't believe you came on here and used this as a campaign against Romney. This has nothing to do with the election. These people are hurting over all this and you want to campaign for Obama. This has nothing to do with that. It falls into the lap of the greedy ones at PILGRIM'S. Greed and mismanagementis behind this. And the greed goes on. They are getting worse every day. These lawsuits could have been settled for a fraction of what the legal fees are running up. Stupidity and greed.
Well believe what you want but I've had the opportunity to read the judgment from Judge Everingham that ruled on the El Dorado growers lawsuit. In that ruling it is written, "Bain & Company advised PPC". It went on futher to say, "Bain made a presentation to PPC that outlined a strategy to close certain plants to reshape the industry dynamic. The purpose of the presentaion was to impress upon PPC's management that it needed to take action to curtail the supply of chicken and aply a proactive stimulus to the market to manipulate prices". Those are direct quotes from Judge Everinham in the United States District Court Eastern District of Texas Marshall Division. In layman's language - shut down facalities in order to shrink the supply of commodity chicken on the market to raise prices. Even though it was Pilgrim's Pride decision to implement this plan, it was Mitt Romney's company (Bain & Company) that developed the plan. Political or not - those are simply the FACTS!
old chicken farmer

United States

#11 Oct 10, 2012
I never mentioned Obama but taking offense over the fact that Mitt Romney's company developed this so called "Alpha Plan" is a matter of public record and is in no way political, but rather the fact. However, it was the management of PPC that implemented the plan developed by Bain & Company. When the growers' lawyer asked PPC for the documents relating to this plan, PPC refused. And I am quoting from the judgemnt issued by the judge, "PPC did not produce certain relevant documents from Bain until ordered to do so by this court". In effect, the growers who invested so much were simply numbers on a spread sheet to Bain & Company and PPC. You can believe that!! Another quote from the judgment, "Bain compared the present situation to the situation in other industries, such as the containerboard and aluminum industries. Bain noted, for example, that when the containerboard industry closed 6% of its capacity prices jumped more that 40%". It goes on futher to state, "Bain & Company continued to communicate with PPC management concerning Bain's recommendations that idling and closing certain facalities would have a positive effect on pricing". I'm sorry that you think it is political but it is however the TRUTH.
old chicken farmer

United States

#12 Oct 12, 2012
I did not intend to ruffle any feathers with the post concerning the plan that Bain & Company developed for PPC. Bo Pilgrim's began buying out smaller poultry companies in his over zealous quest to become the larges poultry producer in North America. With the ill-advised $1.1 billion acquistion of Gold Kist, the hedging on corn prices at the wrong time, and the over supply of commodity chicken on the market it was a recipe for disaster. PPC's management obtained the services of Bain & Company which developed the so called "Alpha Plan" in an attempt to manipulate the price of commodity chicken on the market. PPC and Bain must have thought they could get by with violating the Packers & Stockyards Act which was passed in 1929. This act was passed in order to protect the small farms from the large meat packing companies that begin to develop before the depression. And today with most of the animal protein market (beef,pork,poultry) being controlled by 5 major corporations it won't be long before their lobbyist will be trying to disassemble this act. With the poultry industry, the large corporation already own the birds and control the feed. The next step will be to own the farms and operate those farms with cheaper labor in order to increase their profit margins. In California, Foster Farms already owns most of the farms where their birds are produced. And the former CEO of Foster Farms was none other than Don Jackson which also was the CEO of PPC. The concern of these large integrators isn't to produce safe healthy food for the public, their main concern is to make money at any cost. As one official with PPC told me, this ain't the chicken business anymore, it's BIG BUSINESS.

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