Feeds lots are high maintenance and are subject to a lot of environmental issues no matter where they are.
J & F exit (JBS) to the feed lots is like wanting the cake and eat it too, a couple of the meatworks like Beef City and Riverina rely solely on the feeds lots operation for processing their beef.
If JBS were to exit the market(sell) things could be a little different in the future but RFF do have a reasonable term lease and if JBS want in back in 5 years they have to sell it back.
Another good article from 2012 about beef city
https://www.beefcentral.com/features/beefex-beef-city-stands-the-test-of-time/
A snip from my earlier post
Been looking at RFF for some time and knowing about JBS background for some time, has raised some questions for me with this investment.
Ann: Trading Halt, page-70
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