Walmart invests in sustainable beef processing plant in Nebraska
BENTONVILLE, ARCHE. – Walmart Inc. and Sustainable Beef LLC announced Aug. 31 that the world’s largest retailer would take a minority stake in the company as it plans to start a new $325 million beef processing plant in 2022.
Construction of the North Platte, Neb., plant is expected to start next month and open in late 2024. Companies said 800 new jobs would be created at the plant. Sustainable Beef plans to process 1,500 head per day and up to 100,000 per year when fully operational.
“We embarked on a journey two years ago to create a new beef processing plant to add some capacity to the industry and give producers an opportunity to integrate their beef cattle business. quality to the beef processing part of the industry and to do it in a sustainable way,” said David Briggs, Managing Director of Sustainable Beef LLC. “During this journey, we have seen Sustainable Beef and Walmart align to continue to improve how we care for our animals and crops and provide consumers with the positive experience of enjoying quality beef. quality.”
As part of the equity investment, Walmart will also be represented on the board of Sustainable Beef.
“At Walmart, we are committed to providing high quality, affordable beef to our customers, and an investment in Sustainable Beef LLC will give us even more access to these products,” said Tyler Lehr, senior vice president of merchandising. for deli, meat and seafood services, Walmart US. “We know that Sustainable Beef LLC has a responsible approach to beef processing, which includes creating long-term growth for livestock producers and family farmers. This investment provides greater visibility into the beef supply chain and complements Walmart’s regeneration commitment to improve pasture management.
Sustainable Beef plans to work with cattle feeders and ranchers to understand critical elements of the supply chain, such as grain sourcing and pasture management. The beef processor will also commit to antibiotic use and reporting on all herds in accordance with Walmart’s position on antibiotics in animals, which calls on suppliers to adopt and implement the principles of use American Veterinary Medical Association Antimicrobial Sensitivity.
Walmart did not disclose the amount of its investment in Sustainable Beef.