Article

Prestage Farms of Iowa Building Pork Plant in Wright County

Prestage Foods of Iowa, LLC has named Wright County for its new, state-of-the-art pork processing facility.

“We are investing in Iowa and specifically Wright County because we believe this plant is good for Iowa, good for agriculture, and a good step forward for our family-owned and run business,” says Ron Prestage, DVM, on behalf of the Prestage family. “Iowa is the nation’s leading pork producing state and currently produces more pigs than it can process. This plant will keep the value from processing pigs in this state.”

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Survey Shows Farmers, Ranchers Are Passing on Land

A report just issued by Farmers National Company suggests that farmers and ranchers – the folks buying much of the available farmland and pasture the past few years – are backing off aggressive bidding.

Farm and ranch profits are down and lenders are being more careful in what they will lend on land purchases. Furthermore, investor interest in farm and ranch land declined as land values moved higher during the last four to five years and the return on investment slipped. But individual and fund investors are moving back into the land market as land prices soften. 

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