When innovations enter into a given business, the companies that are the earliest adopters tend to gain an advantage over their competitors. Sometimes though, there is an advantage is maintaining those old traditions.
This year, the turkey industry hopes fall will be a season in which it finally begins to shake the after-effects of market disruption that dates back to the 2015 highly pathogenic avian influenza (HPAI) outbreak.
Butterball’s calculated bet that bringing all its production in-house would spur growth and innovation in its product lines has paid off handsomely. Plant expansions and the acquisition of two large processing facilities will allow the processor to multiply its jackpot.
It has been a busy couple of years, but the gamble that Butterball LLC has taken to modify its operational approach appears to have paid off, spurred along by several headline-making acquisitions in recent years.
Butterball has made sizeable investments into the Raeford plant beyond the initial purchase, feeding into its goal to become more focused on adding value to its commodity product lines.
In mid-November, Andy Hanacek, editor-in-chief, visited Raeford, N.C., in order to attend the ribbon-cutting ceremony and get an exclusive tour of the new Butterball further-processing plant there (which was also still under construction at presstime).
The turkey industry faces growing economic problems, fueled by the terrible drought in the Midwest and a misguided federal ethanol policy that is turning a feed shortage into an acute feed crisis.