WATT PoultryUSA - January 2018 - 14
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❱❱NEXT ON THE PLATE
million will be allocated toward
building renovations, $5.5 million
is planned for plant equipment and
the remaining $2.7 million will
be budgeted toward transportation
GRANT TO AID KOCH
The State of Alabama has awarded
a $250,000 grant to the City of
Crossville, so it can make improvements to its sewer system to handle
added demands brought on by the
expansion of the Koch Foods poultry plant in the city.
According to a report from
Courtesy of Pas Reform
in which the Farbest facility is located, and the other one encompasses
farmland that Farbest owns.
Farbest Foods will purchase the
bonds which will be paid from the
property and real tax increment
increase in the two TIF districts due
to the improvements Farbest plans
to make, according to the report.
Because Farbest will own the bonds,
the company is incorporating all the
risk if the increment is not enough to
pay off the bonds.
The planned turkey plant
upgrade includes a switch to
controlled atmosphere stunning (CAS). Of the $21.7 million
budgeted for the upgrade, $13.5
WDEF, Koch Foods wants to triple
the size of the Crossville plant.
The grant was announced by
Gov. Kay Ivey. "Poultry is a $15
billion industry in Alabama, and
DeKalb County is a significant factor in that high number," she said.
"The expansion of the Koch Foods
plant will further improve the
economy in northeast Alabama and
provide important job opportunities
for 35 residents." ■
Dr. Bill Dozier.
Professor, Poultry Science Department
Dr. Hans H. Stein
Professor of Nutrition
University of Illinois
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www.WATTAgNet.com ❙ January 2018