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.
Feeds lots are high maintenance and are subject to a lot of...
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