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Posts tagged as “Northern Beef Packers”

Beef Potpourri: Johnson vs. Rhoden, Beef Check-Off, Supply for NBP

I wander through the pasture this morning and throw together some beef potpourri (hey, there's a market expander the Beef Board should promote: bottled fragrances to bring the satisfying smell of beef to your house all day long!): Depends on…

Northern Beef Packers Auction December 5; Minimum Bid: $12.75 Million

On sale December 5: one modern, slightly used beef packing plant, fully loaded, just add beef and make burgers! Plus scenic views of beautiful Aberdeen, South Dakota, and the Brown County prairie. The bankrupt Northern Beef Packers project has made…

Benda to Help Olson Promote Crony Capitalism at Heartland CPD

The Republican revolving door spins happily around Heartland Consumers Power District in Madison. As lifelong patronage beneficiary and former state senator Russell Olson advances to CEO of Heartland, he brings in Richard Benda to take his spot as Heartland's economic…

Northern Beef Packers Needs $2.25 Million to Lure Buyers to Auction

How many lawyers and bankers does it take to arrange an auction? Apparently 2.25 million dollars' worth: Northern Beef Packers is making another attempt at financing an auction sale in an attempt to prevent its bankruptcy case from moving toward…

Crony-Capitalist Daugaard Endorses NBP Fire Sale, Shrugs at Millions in State Aid

Governor Dennis Daugaard joined state and local economic development officials to speak at the Brown County Fair in Aberdeen yesterday. Libertarian blogger Ken Santema attended and deemed the program a dog-and-pony show for corporate welfare. Santema summarizes the disappointing presentations…

Northern Beef Packers Pays Lawyers $75K While Stiffing Workers

I'm reading the financial statement filed by Northern Beef Packers president David Palmer in bankruptcy court on August 2. (Case 13-10118, Document 105). On July 12, Northern Beef Packers issued 226 hourly payroll checks totaling $72,014.70. On July 17, Northern…

Governor Should Face Northern Beef Workers in Aberdeen Next Week

Governor Dennis Daugaard will be holding "Capital for a Day" activities in Aberdeen next Friday, August 16. "The community is invited and encouraged to participate in the events." An event everyone who used to work for now-bankrupt corporate welfare recipient…

FBI Investigates Ponzi Scheme in Texas EB-5 Visa Program

As Northern Beef Packers in Aberdeen trudges through bankruptcy and angles for a buyer, we have to keep wondering where all the money went. Millions of dollars in state aid and foreign investors buying their green cards and loans from…