CARDINAL MEATS ANNOUNCES FACILITY EXPANSION

Cardinal Meats Specialists, a leading Canadian family-owned business in the protein processing industry, has announced the expansion of its head office and main production facility located in Brampton, ON.

As Cardinal continues to experience growth driven by customer demand, the decision to expand the facility with an addition of 33,000 square feet to the existing 89,000 square feet, the newly expanded facility now boasts a total area of 122,000 square feet.

“The expansion of our production facility is a direct response to the growing demands of our loyal customers,” said Brent Cator, President & CEO of Cardinal Meats Specialists. “We understand that our customers are looking for highquality products and convenient solutions, and we want to be there for them every step of the way. This expansion allows us to further meet their needs and continue our mission of existing to meet the needs of our customers.”

We Communications West Inc. 106-530 Kenaston Boulevard Winnipeg, MB, Canada R3N 1Z4

Phone: 204.985.9502 Fax: 204.582.9800

Toll Free: 1.800.344.7055

E-mail: publishing@meatbusiness.ca

Website: www.meatbusinesspro.com

Meat Business Pro subscriptions are available for $28.00/year or $46.00/two years and includes the annual Buyers Guide issue.

©2020 We Communications West Inc. All rights reserved.

The contents of this publication may not be reproduced by any means in whole or in part, without prior written consent from the publisher. Printed in Canada. ISSN 1715-6726

The expansion has been carefully planned to accommodate future growth. By building in advance, Cardinal can respond to the evolving demands of its customers, ensuring seamless service and timely delivery.

“We take pride in being a trusted partner for our customers,” added Cator. “Our expanded facility and production capacity exemplifies our commitment to growth and our valued customers.”

ABOUT CARDINAL MEATS SPECIALISTS:

Cardinal Meat Specialists has created a broad range of specialty products from burgers to fully cooked proteins servicing both retail and food service customers across Canada. The company’s roots trace to Jack Cator starting on the farm and then running butcher shops, followed by son Ralph who elevated the business to protein processing in the 60’s under the Cardinal name. Now under the stewardship of third generation Brent Cator, For more information, visit www.cardinalmeats.com

The global economy is at a critical crossroads with a number of challenges and crises running in parallel. The uncertainty around how Russia`s war on Ukraine will play out this year and the war`s role in creating global instability means that the trouble on the inflation front is not over yet.

According to a recent report by Reportlinker.com, the global market for Meat Processing Equipment estimated at $12.4 Billion US in the year 2022, is projected to reach a revised size of $24.6 Billion US by 2030, growing at a CAGR of 9% over the period 2022-2030. Slicing, one of the segments analyzed in the report, is projected to record 8.8% CAGR and reach $6.2 Billion US by the end of the analysis period. Considering the ongoing post pandemic recovery, growth in the Tenderizing segment is readjusted to a revised 8.4% CAGR for the next 8-year period.

The Meat Processing Equipment market in the U.S. is estimated at $3.4 Billion US in the year 2022. China, the world`s second largest economy, is forecast to reach a projected market size of $5.9 Billion US by the year 2030 trailing a CAGR of 14% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 5.1% and 7.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 6.4% CAGR.

Food and fuel inflation will remain a persistent economic problem. Higher retail inflation will impact consumer confidence and spending. As governments combat inflation by raising interest rates, new job creation will slow down and impact economic activity and growth. Lower capital expenditure is in the offing as companies go slow on investments, held back by inflation worries and weaker demand. With slower growth and high inflation, developed markets seem primed to enter a recession.

Fears of new COVID outbreaks and China’s already uncertain post-pandemic path poses a real risk of the world experiencing more acute supply chain pain and manufacturing disruptions this year. Volatile financial markets, growing trade tensions, stricter regulatory, environment and pressure to mainstream climate change into economic decisions will compound the complexity of challenges faced. 2023 is expected to be a tough year for most markets, investors and consumers. Nevertheless, there is always opportunity for businesses and their leaders who can chart a path forward with resilience and adaptability.

The report is available at https://www.reportlinker.com/p06032134/?utm_

USDA OFFERS $115M IN GRANTS TO BOOST TO SMALLER MEAT PROCESSORS

U.S. Department of Agriculture (USDA) Secretary Tom Vilsack has announced that USDA is making investments to increase independent meat and poultry processing capacity, expand market opportunities for farmers and support a growing workforce in rural areas.

“While American farmers and ranchers have been responding to the demand to produce more, their communities have struggled to see their share of the benefits,” Vilsack said. “Under the leadership of the BidenHarris Administration, USDA is committed to championing meat and poultry processers, increasing competition and lowering costs for working families. The announcement

I’m making today highlights these producers and reflects the goals of President Biden’s Investing in America agenda, which advances a sustainable vision of agriculture, prioritizes the needs of our producers and small businesses, promotes competition, strengthens our domestic agricultural supply chains and brings prosperity to people and places in rural parts of our country.”

The announcement comes on the heels of President Biden delivering a major address on “Bidenomics” — his vision for growing the economy from the middle out and bottom up by investing in America, increasing competition, and empowering workers.

USDA is providing 15 awards totaling $115 million in 17 states. USDA is providing five awards totaling $38 million through the Meat and Poultry Processing Expansion Program (MPPEP) to help independent processors in five states. USDA is also providing 10 awards totaling $77 million under the Meat and Poultry Intermediary Lending Program (MPILP) in 12 states.

USDA’s National Institute of Food and Agriculture is also providing seven awards totaling $4.5 million to community and technical colleges in seven states through the Meat and Poultry Processing–Agricultural Workforce Training (AWT) program. These investments will build a pipeline of well-trained meat processing workers and support safe workplaces with fair wages for workers.

Secretary Vilsack made the announcement during a roundtable with producers and businesses in Des Moines, Iowa, and highlighted efforts under the Biden-Harris Administration to build more, new and better markets and strengthen farm and food businesses.

Continued on page 10

SOME EXAMPLES OF PROJECTS IN TODAY’S ANNOUNCEMENT INCLUDE:

• In Montana, Mountain West Economic Development will use a $15 million MPILP investment to support meat and poultry processing and slaughterhouse operations in Flathead Valley.

• In Michigan, three independent businesses will use a $2 million MPPEP award to help construct and equip a meat and poultry processing and retail facility: Mighty Fine Poultry Processing, LLC will slaughter and process poultry; Retro Meats Company, LLC will process red meat; and Swift Run Market, LLC will also process and sell meat products. Together, these activities are expected to increase demand for animals, increase opportunities for producers, and improve processing operations.

• Farmers Union Foundation, a charitable organization that provides resources for rural economic development, will use an $800,000 MPILP award to lend funds to independent small and medium sized meat processors in Minnesota, Montana, North Dakota, South Dakota, and Wisconsin.

This announcement will also support projects in Colorado, Connecticut, Georgia, Indiana, Iowa, Maryland, Massachusetts, Michigan, Minnesota, Montana, New York, North Dakota, Ohio, South Dakota, Tennessee, Texas and Wisconsin.

Background

Meat and Poultry Processing Expansion Program (MPPEP) is made possible by American Rescue Plan Act funding, provides grants to help eligible independent processors expand their capacity. To date in fiscal year 2023, USDA has awarded $171 million to 31 MPPEP projects that have created nearly 3,000 jobs in rural communities.

Meat and Poultry Intermediary Lending Program (MPILP) provides grant funding to intermediary lenders who finance the start-up, expansion, or operation of independent meat and poultry processing facilities. To date in fiscal year 2023, USDA has awarded $186 million to 24 MPILP projects that supported economic growth in 14 states and Puerto Rico.

Meat and Poultry Processing–Agricultural Workforce Training (AWT) Program

Leaders across the beef, pork and poultry industries consistently share that an expanded, well-trained workforce is one of their most persistent needs. Safe and resilient meat and poultry supply chains require a skilled, credentialed and diverse workforce.

For more information, visit usda.gov