The Future of Cattle Profits: Legacy Beef Co-op Explained

Jun 10

Episode Summary

Today, Farm4Profit talks with Chad Tentinger, founder of TenCorp, discussing the innovative Legacy Beef Co-op. Learn how this co-op bases cattle pricing on consumer demand, offers higher revenue potential, and provides Midwest beef producers a share of retail profits and economies of scale.

Episode Notes

Today, we have a special guest, Chad Tentinger, a fourth-generation cattle farmer from Marcus, Iowa. Combining his passion for cattle and construction, Chad founded TenCorp, Inc. in 2007 and remains deeply involved in the cattle industry. He has partnered with local producers to build two state-of-the-art turn-key cattle operations.

Chad is here to introduce Legacy Beef Co-op, a revolutionary cattle producer co-op that bases cattle pricing on the Boxed Beef Cutout, reflecting true consumer demand. We'll explore how this co-op aims to provide higher revenue potential, economies of scale, and favorable processing obligations, ensuring cattle producers are not forced to sell in markets influenced by external forces.

Tanner, Corey and David discuss with Chad Legacy Beef Co-op's new packing plant investment opportunity for Midwest family farm beef producers, offering them a share of retail beef profits and participation in the Cattlemen’s Heritage Beef Company. Chad will share insights on the project's timing, structure, and how it benefits producers, including ideal membership and the future of meat production.

Join us for an enlightening episode as we delve into the innovative world of Legacy Beef Co-op with Chad Tentinger. Stay tuned!

Introducing Legacy Beef Co-op.
A cattle producer co-op that will base the selling of cattle on the Boxed Beef Cutout. A pricing system reflective of consumer demand. In addition to ownership in Cattlemen’s Heritage Beef Company, the co-op will provide these benefits:
Cattle Producers should not be forced to sell their cattle in a market influenced by outside forces, that is not reflective of true consumer driven demand and values.
How is Legacy Beef Coop going to help with this?
Higher revenue potential
Economy of Scale
Processing Obligations
Legacy Beef Co-op today announced a new packing plant investment opportunity that would give family farm beef producers in throughout the Midwest in, Iowa, Nebraska, Kansas, Missouri and South Dakota access to a larger portion of the retail beef dollar.
How does this work with ownership?
Through ownership in Legacy Beef Co-op, beef producers would become investors in the Cattlemen’s Heritage Beef Company facility in Mills County, Iowa, and participate in its profitability. They would also become suppliers to the facility and enjoy economies of scale typically available only to large corporate feedlots, including pricing based on retail beef value (Boxed Beef Cutout) rather than the CME model, as well as more favorable delivery alternatives.https://legacybeefcoop.com/