Iowa Premium Pork is in the final days of it’s equity drive to sell the remaining shares of the pork cooperative to allied industries, including feed companies, grain cooperatives and local banks. The deadline for purchasing shares and assigning hog delivery obligations to local pork producers is Thursday, May 15.
“Our shareholders understand out intent is real and our marketing opportunities are solid,” says Roger Coon, president of IPPC board of directors. “We are now ready to develop the critical mass of a larger, well supported pork production system that captures additional value opportunities for independent producers.”
The money raised from the equity drive will allow IPPC to establish the Majestic Food Group and buy three meat processing plants, two in Des Moines, Iowa, and one is St. Joseph, Mo.
The co-op has approximately 1.8 million shares available for purchase. If you’re interested in buying shares of IPPC, you can go to: www.premiumpork.net; send an e-mail to email@example.com; or call 1-877-572-7675.