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The Maschhoffs Expand Hog Holdings in South
Jun 25, 2009 3:09 PM
The Maschhoffs, LLC, based in Carlyle, IL, announced it has recently completed the purchase of PPC of Alabama, Inc’s 50% ownership interest in GK/MW, LLC.
The transaction included the assumption of contracts with five sow farms in Georgia and Alabama.
Terms of the agreement were not disclosed.
GK/MW, LLC was a swine production joint venture between The Maschhoffs, LLC and PPC of Alabama, comprising about 12,500 sows and related market hog production.
The Maschhoffs manage one of the largest family-owned pork production networks in the United States and work with more than 320 other family farmers throughout the Midwest.
There was a lot to be positive about in the pork industry the last week of October. I realize it is difficult to be optimistic when you are still losing $25 to $30/head. I also realize that positive news at this point could be as dangerous as it is welcome. But facts are facts, and we must recognize them.
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As I begin this week's column, I"m reminded of two different "flip side" statements that may help characterize the topic at hand. The first is the old Archie Campbell schtick - "That's good - no that’s bad," which I have used before. The second reflects President Truman's frustration with economists' incessant use of the qualifier - "on the other hand" - to introduce the contrary opinion on a given topic. President Truman once demanded in his usual colorful language: "Will someone please find me a *!&%$*?>
