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Ranchers.net

If you wait 2 or 3 years Tyson or Cargil will own it anyway--they should be willing to give a dime on a dollar for all investments :wink: ..............
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Opposition slams cattle plant delay


Broadcast News


Thursday, June 23, 2005

WINNIPEG - Manitoba cattle ranchers will be deciding whether or not to pull out their investment in a new slaughter plant because of a snag in purchasing equipment.
The fledgling Rancher's Choice Beef Co-op was found in breach of licensing rules after buying equipment for the plant without having enough money actually in its bank account.

The glitch forced the co-op to restructure its board of directors this spring.

That gives investors the legal opportunity to remove their money and commitment to the project.

Tory agriculture critic Ralph Eichler said Wednesday he's concerned this will delay the opening of the plant in Dauphin until next spring at the earliest.

But Agriculture Minister Rosann Wowchuk said it's just a procedural hiccup that won't harm or delay the project.
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