What is going on in July?

Solving the Puzzle of Poultry Farm Financing

Some of these questions are:

What is the purchase price, or how much will the expansion cost?
How many acres is it?
Where is it located?
How many poultry houses are you building or buying?
What are the dimensions?
Are any upgrades needed?
Do you have building quotes?
Will you have a down payment?
Have you spoken to an integrator?
Will you be selling your home?
Do you have farming experience?

Tyson Foods Opens New Poultry Feed Mill in Arkansas

A new mega-mill in Fulton will replace older feed mills in Hope and Nashville.

Tyson Foods’ new $75 million poultry feed mill in Fulton, AR, was formally dedicated on June 30 with a ribbon-cutting. According to reports, Complex Manager Randy King explained that the new mega-mill would take the place of older feed mills in Hope and Nashville and allow the company to expand grower operations in the region once a new hatchery is built.

Introducing: Matt Garrett

1. Role at FFB: VP, Ag Loan Officer Fayetteville, AR

2.Family: Wife - Candyce / Daughter – Maddy / Son - Carson

3. Education: Bachelor of Science in Agriculture Business from Arkansas Tech University

4. Hobbies: Hunting, Fishing, and just being outdoors with family and friends

5. What is your favorite thing about working at FFB? The people I work with, not only in my office but the bank in general. If I have questions, I know that an answer from someone is just a phone call away. There is a lot of knowledge inside the bank from many different niche lending areas and banking in general.

6. Do you have an unknown talent? I wouldn’t say I have an unknown talent, but I tend to think that I can do a little bit of anything. (Maybe one of my downfalls) Maybe if I focused on one thing, I could get good enough to have a talent in something.

7. Favorite place you have visited? One of my favorite places in the world is on the back porch of our hunting cabin overlooking a creek. It is one of the most peaceful places I have ever been.

8. What is one thing you would like to learn more about? I want to learn more about raising kids. I am all ears to anyone that has suggestions! I try to learn all I can by listening to others tell stories.

9. Words you live by or funny story about you? “Make Memories with family and friends that will last a lifetime.”

Grilled Chicken with Avocado Salsa

Ingredients

1 1/2 pounds boneless skinless chicken breasts or four chicken breasts

For the Marinade

2 garlic cloves finely minced
3 tablespoons olive oil
¼ cup cilantro chopped
Juice of 1 lime
1/2 tsp. cumin
½ tsp paprika
½ tsp salt or to taste
¼ tsp black pepper

Avocado Salsa

2 avocados diced
2 small (or 1 large tomato) chopped
¼ cup red onion chopped
1 jalapeno de-seeded and chopped (optional)
1/4 cup cilantro finely chopped
Juice of 1 lime
fresh cracked pepper & salt to taste

Instructions

In a large bowl, whisk all the ingredients for the marinade and set aside.
Pound the breasts to even thickness or slice in half horizontally to get evenly sized breasts and add to the marinade bowl. Mix through until the chicken is fully coated in the marinade. Use immediately if needed or marinate for 30-minutes or up to 12 hours.
Grill chicken over medium-high heat or in a large heavy-duty skillet on the stovetop for 5-6 minutes per side or until the inside is cooked through and the outside is charred. Top with fresh avocado salsa and serve immediately.

To Make Avocado Salsa

While the chicken is grilled, combine all the ingredients for the salsa in a small bowl. Cover with plastic wrap in the fridge until ready to use.

Chicken Farm for Sale: Is it the Right One?

1) Which integrator is the farm under contract with currently?

Most commercial chicken farms are under contract with one of the large integrators, such as Tyson, Pilgrim’s, or Perdue. Whomever they contract with currently would be whom you would need to work with going forward. This is a complex arrangement, and you’ll want to know the details before buying a property. Work with a legal advisor who has experience in the industry and understands your rights and responsibilities.