Walmart Invests In Rancher-Owned Sustainable Beef Company

Walmart Invests In Rancher-Owned Sustainable Beef Company

Walmart Invests In Sustainable Beef
Walmart Invests In Sustainable Beef
Retail Bum

Retail Bum

Retail Bum

Retail Bum

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Walmart has acquired a minority stake in Nebraska-based Sustainable Beef LLC as it looks to offer top-quality Angus beef in its stores from the company’s new beef processing facility.

“At Walmart, we are dedicated to providing high-quality, affordable beef to our customers, and an investment in Sustainable Beef LLC will give us even more access to these products,” said Tyler Lehr, senior vice president of merchandising for deli services, meat and seafood, Walmart U.S.

“We know Sustainable Beef LLC has a responsible approach to beef processing, one that includes creating long-term growth for cattle ranchers and family farmers. This investment provides greater visibility into the beef supply chain and complements Walmart’s regeneration commitment to improve grazing management.”

Through the partnership, the two companies will work together to help supplement the beef industry and provide additional opportunities for ranchers to increase their business. Walmart will also have representation on Sustainable Beef’s board.

“We set out on a journey two years ago to create a new beef processing plant to add some capacity to the industry and provide an opportunity for producers to integrate their business of raising quality cattle with the beef processing portion of the industry and do it in a sustainable manner,” said David Briggs, CEO of Sustainable Beef LLC. “During this journey, we found that Sustainable Beef and Walmart aligned on continuing to improve how we care for our animals and crops and provide consumers the positive experience of enjoying quality beef.”

Sustainable Beef LLC plans to break ground on its beef processing facility in North Platte, Nebraska, next month and open by late 2024. The facility will bring over 800 new jobs and create more capacity for the beef industry.

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