A Biden administration grand scheme to inject competition into the meatpacking industry has left an Iowa chicken ranch in bankruptcy and the landscape littered with 1.3 million state-euthanized chicken carcasses. Minnesota-based Pure Prairie Poultry, the recipient of a $6.9 million grant and a $38.7 million USDA-guaranteed loan declared Chapter 11 bankruptcy in September, citing higher-than-expected costs and lower-than-expected poultry prices. It notified Iowa that it could no longer afford to feed its chickens and had stopped doing so at least two weeks earlier. One subcontractor said, “The chickens would swarm around her, pecking at her legs in hunger.”
Like so many disasters, this started out with a great idea proposed by the venture Marxists who grift their way to the top of most federal agencies.
The Biden administration in 2021 unveiled an initiative to kick-start smaller meatpackers and help the U.S. food system avoid supply shocks such as those during the Covid-19 pandemic, when shutdowns of meat plants backed up livestock on farms and prompted some farmers to euthanize animals.
If, in the words of the prophetic James Carville, you “drag a hundred-dollar bill through a trailer park, you never know what you’ll find,” then you can imagine the effect of $325 million in grants and $700 million in federally secured loans had on the meatpacking industry. It increased everything except production and market share.
This project has sad echoes throughout the economy.
The Bipartisan Infrastructure Law, which Biden signed in November 2021, included $7.5 billion for EV charging. Of that, $5 billion was allocated to individual states in so-called “formula funding” to build a network of fast chargers along major highways in the National Electric Vehicle Infrastructure, or NEVI, program.
But after two years, that program has only delivered seven open charging stations with a total of 38 spots where drivers can charge their vehicles, according to a spokesperson for the Federal Highway Administration. (The funding should be enough to build up to 20,000 charging spots or around 5,000 stations, according to analysis from the EV policy analyst group Atlas Public Policy.) Stations are open in Hawaii, New York, Ohio and Pennsylvania and under construction in four other states.
Throwing money at a problem never fixes it. Cutting the waste out of the federal govt is long overdue.
Something really smells bad in that chicken house.
About Pure Prairie Poultry
Pure Prairie Poultry focuses on providing air-chilled chicken within the poultry industry. Its products include a range of chicken meat that is raised with a commitment to quality, including being vegetarian-fed and antibiotic-free. The company primarily serves the retail food sector by raising its chicken products responsibly. It was founded in 2021 and is based in Charles City, Iowa.
Brian Roelofs, president and CEO of Pure Prairie Poultry in Charles City, cuts the ribbon celebrating the company’s remodeled and expanded production plant, distribution center, and its new office center including team member facilities, during a ceremony July 24.
Minnesota-based Pure Prairie Poultry, the recipient of a $6.9 million grant and a $38.7 million USDA-guaranteed loan declared Chapter 11 bankruptcy in September, citing higher-than-expected costs and lower-than-expected poultry prices.
Pure Prairie Poultry
A poultry company that processed chickens and sold products to grocery stores in the Midwest. The company was one of the first to receive funds from the Biden administration to help boost competition in the poultry industry. However, Pure Prairie Poultry filed for bankruptcy and closed its Charles City, Iowa, plant.
Sounds a lot like Solyndra.
Solyndra was a manufacturer of cylindrical panels of copper indium gallium selenide (CIGS) thin film solar cells. It was based in Fremont, California. In 2009, the Obama administration co-signed $535 million in loans to Solyndra.[1]
Heavily promoted as a leader in the sustainable energy sector for its unusual technology, Solyndra was not able to compete with conventional solar panel manufacturers of crystalline silicon.[2] The company filed for bankruptcy on September 1, 2011.[3][4]
Lets take a look at just some of the tax payers money that the Obama – Biden administration and the Biden – Harris administration has wasted.
$535 million in loans to Solyndra.
$325 million in grants and $700 million in federally secured loans had on the meatpacking industry.
Biden signed in November 2021, included $7.5 billion for EV charging. Of that, $5 billion was allocated to individual states in so-called “formula funding” to build a network of fast chargers . (The funding should be enough to build up to 20,000 charging spots or around 5,000 stations,) But after two years, that program has only delivered seven open charging stations with a total of 38 spots where drivers can charge their vehicles,
“In 2021, the Biden Administration got $42.45 billion from Congress to deploy high-speed Internet to millions of Americans, “Years later, it has not connected even 1 person with those funds.”
The $5 billion “Electric School Bus Program,” which was to cover “389 school districts across all 50 states to help deliver a total of 2,463 electric school buses,” has produced just 60 vehicles.
Over and over, the Biden-Harris administration showed itself inept, corrupt, and incompetent in everything it tried to accomplish. So has the Obama – Biden administration.
It also shows how weak some of the past and present republican leaders / law makers have been by allowing some or most of this funding to have gone through. ( the rino’s )