A planned beef packing plant in western Iowa announced this week that it has received a $150 million investment from a Florida firm.
Cattlemen’s Heritage Beef Company has been working on the proposed packing plant since it was first announced in the summer of 2021. The packing plant will be built on the northern edge of Mills County, just south of Council Bluffs, Iowa.
Up to 800 employees will work at the modern facility that will feature onsite carbon capture treatment. The investment will allow Cattlemen’s Heritage to break ground on the plant in spring 2023 as planned, the company said.
According to the Cattlemen’s Heritage press release, the planned Cattlemen’s Heritage facility could mean an economic gain of $8 billion for Iowa over the next five years.
“With this investment secure, we can break ground later this year. We will also be able to finalize bank financing and government incentives for a project that will provide high-quality, sustainable beef for consumers and significant economic benefits for the state of Iowa and for cattle producers,” said Chad Tentinger, principal developer for the project.