Province denies extra money for proposed slaughterhouse

WINNIPEG - The Ranchers Choice Beef Cooperative has asked the province to dramatically increase its financial contribution to the proposed cattle slaughtering facility, and the province has said no.
calendar icon 22 December 2006
clock icon 1 minute read
Manitoba Agriculture Minister Rosann Wowchuk met with Ranchers Choice board members Thursday morning and told them the province’s commitment to invest $4.5 million in equity and make another $10 million loan available is still on the table.

But Ranchers Choice is now looking for $18.5 million in equity and needs the province to guarantee $17 million in loans.

The province’s refusal to up the ante throws the project into even more uncertainty than had been the case.

Source: The Winnipeg Free Press
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