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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

New Jersey Farm to Receive $4.2 Million from USDA

11/22/2022

Goffle Road Poultry Farm located in Wyckoff, NJ. has received $4.2 million from the USDA Meat and Poultry Processing Expansion Program.  The money will fund renovations and expansion to produce Halal Chicken.

 

This company is provided as an example of the $223 million in grants and loans to encourage meat and poultry processing by small-scale enterprises. Along with Goffle Road Poultry Farm, 30 plants in 20 states have received funding, including Greater Omaha Packing in Nebraska and Pure Prairie Farms in Charles City, IA.

 

The USDA intends allocating an additional $375 million to “restructure the meat industry”. The benefits to U.S. consumers of scattering $600 million among numerous small producers is questioned.  The incoming Congress should review the basis on which grants are made and to determine whether appropriate controls are in place to establish that public funds are justifiably expended and that the recipients are able to repay loans.

 

It is questioned why the recipients of USDA grants and loans were unable in the first instance to be funded by commercial and agricultural banks on the basis of their business plans. It is also questioned whether recipients conform to the traditional banking criteria of character, collateral and capacity that would be required for a business loan. The USDA characterizes these grants as “investments” whereas in the absence of effective evaluation, scrutiny and pay back they should be regarded as giveaways of public funds.


 
Copyright © 2022 Simon M. Shane