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RURAL ECONOMY The Midwest Cattleman · March 30, 2023 · P16
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ence slow economic growth,” above growth neutral for 25 CO2 or the closure of a high Goss says.
says Ernie Goss, who chairs of the last 27 months. share of the plants. The RMI, which started
Creighton’s Heider College of The February survey Around 60% of bankers in 2005, represents an early
Business and leads the RMI. polled bankers on importance support this process assum- snapshot of the economy of
“Only 7% of bankers reported of ethanol, as the region con- ing adequate compensation rural agricultural and en-
improving economic condi- tains 73% of the nation’s eth- to farms over which the pipe- ergy-dependent portions of
tions for the month with 85% anol plants and accounted for lines cross. Around 23% of the nation. It focuses on 200
indicating no change in eco- 76% of U.S. ethanol capacity bankers expect that the use rural communities with an
nomic conditions from Janu- for 2022. of eminent domain will be re- average population of 1,300.
ary’s slow growth.” Around 90% of bankers quired to allow underground
Meanwhile, the region’s with an ethanol plant in pipelines to cross farmland
farmland price index de- their area indicated it was an in their area.
creased to 63.5 from Janu- important industry for their The slowing economy,
ary’s 66. This was the 29th local economy. higher borrowing costs and
straight month that the index To meet President Biden’s labor shortages continued to
has advanced above 50. CO2 reduction goal contained constrain the business confi-
As a result of solid farm fi- in his Inflation Reduction dence index to a weak 44.4,
nancial conditions, the farm Act, ethanol plants would be but up from 40.4 in January.
equipment-sales index stood required to reduce their CO2 “Over the past 11 months,
at 52.1, which was down sig- emissions by 40% by 2030. the regional confidence index
nificantly from January’s This will likely mean the cap- has fallen to levels indicat-
61.4. The index has risen ture and sequestration of the ing a very negative outlook,”

RETAILER SEEKS would be raised and slaugh- combining the latest in meat talizing and finished project
continued from page 3 tered in another state. production design with best- handling systems,” the appli-
“The company continually in-class packaging and mate- cation stated.
was simply provided a report, works to enhance the quali- rial handling systems. The fa-
there is more to the process ty of its product, particularly cility would use sustainable
which would later involve meat, and creating an end- design solutions and provide
further guidance." to-supply chain allows for the company with reliability
The report received by the better control of quality and and flexibility in raw mate-
city council proposes con- transparency of its beef prod- rial storage, track and trace,
struction of the facility on a ucts,” according to the report. wet and dry processing, pala-
60-acre site near the corner The Olathe operation
of 167 Street and 169 High- would take over production of
way in the southwest section the Choice Beef cuts for most
of Olathe. The plant would company stores in states in-
be operated by a subsidi- cluding Arkansas, Colorado,
ary of a retail company with Iowa, Minnesota, Missouri,
businesses that include a Montana, Nebraska, North
full line of grocery products, Dakota, Oklahoma, Wiscon-
including meat processing. sin and Wyoming, according
The Olathe plant would not to the documents. The plant
slaughter animals, but pro- would service the Choice Beef
cess and pack sub-primal in 100% of Kansas stores. WE ARE ON
cuts of beef into retail-ready “The operation would be
cuts and products. Animals unique to the food industry,

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