NORTH PLATTE, Neb. (KNOP) – Walmart is now working with the area’s newest farmer-owned company, Sustainable Beef LLC. Announcing on Wednesday, an agreement signed by Walmart, investing in a minority of shares in the company.
Walmart is reporting that the capital investment is part of a broader strategic partnership to source high-quality sustainable beef from Sustainable Beef LLC’s new beef processing facility coming to North Platte.
The two are reporting that they plan to work collaboratively to increase visibility in the beef supply chain, help farmers grow their businesses and “provide customers with high-quality beef at affordable prices.” Walmart says the investment looks to help Sustainable Beef LLC open its beef processing facility in North Platte.
- Walmart’s investment will help Sustainable Beef LLC open its beef processing facility in North Platte, Neb. The facility is expected to break ground next month and open in late 2024 creating more than 800 new jobs.
- This partnership helps complement the current beef industry and provides an additional way for farmers to grow their businesses.
- It also creates more capacity for the beef industry and complements Walmart’s regeneration commitments to improve pasture management.
- Together, Walmart and Sustainable Beef will work together to increase visibility in the beef supply chain, help farmers grow their businesses, and provide customers with high-quality beef at affordable prices.
- Walmart’s investment in Sustainable Beef LLC is the latest step in the retailer’s commitment to increase access to high-quality beef at an affordable price for its customers, increasing capacity for the beef industry and ensuring long-term economic sustainability for livestock farmers.
“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, vice president of top of trade for food services. meat and seafood, Walmart US
Sustainable Beef LLC will work with livestock suppliers and farmers to understand critical elements of the supply chain cycle, such as grain sourcing and grazing management. Animal Care will follow the Five Freedoms and take a consistent approach to the use and reporting of antibiotics across herds in accordance with Walmart’s Position on Antibiotics in Animals, which requires suppliers to adopt and implement the Principles of Fair Use of Antimicrobials of the American Veterinary Medical Association. All of these components will help Sustainable Beef LLC to improve and refine the beef supply chain to provide quality beef to our customers.
“We embarked on a journey two years ago to establish a new beef processing plant to add some capacity to the industry and provide an opportunity for producers to integrate their business of raising quality cattle with beef processing part of the industry and do it in a sustainable way, said David Briggs, CEO of Sustainable Beef LLC. “During this journey, we found that Sustainable Beef and Walmart aligned in continuing to improve how we care for our animals and crops and provide consumers with the positive experience of enjoying quality beef.”
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