More than half a dozen Montana meat processors are getting federal funding to boost local meatpacking. Montana Sen. Jon Tester highlighted in Helena Wednesday the projects as commercial beef prices reach record highs.
Old Salt Co-op is one of 17 meat processing projects that received a portion of $7.8 million in federal stimulus money to boost their goal of providing a direct to consumer meat market.
Cole Mannix, a co-founder of the project, says the $150,000 allocated to Old Salt will help the processing operation scale up to the next level to compete with larger national packers.
“Instead of marketing a hundred or a couple hundred animals, you’ve got to start marketing a couple of thousand if you’re going to pay for the brick and mortar it takes to process under inspection,” he says.
Mannix said the project is a $6 million venture, so while the federal money helps, it doesn’t cover all the costs.
Gov. Greg Gianforte announced last month that the amount of meat processed in Montana doubled in the last year. Montana politicians have made several recent bipartisan pushes to advocate for local processing projects.
Sen. Tester says the meatpacking industry is broken with four companies holding a monopoly controlling the market.
“You know, capitalism works. But it only works if you have competition.”
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