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July 12, 2024 News

JBS expands beef processing facility in Brooks

JBS Foods Canada is investing approximately $90 million into its Brooks, Alberta, plant. The expansion includes a new patty processing line, and a state-of-the-art fulfillment center.

By ramping up production, JBS Canada will produce an additional seven million kilograms of beef patties annually. This increase will primarily supply restaurants in Western Canada.

The Honourable Danielle Smith, Premier of Alberta and MLA for Brooks-Medicine Hat, emphasizes the significance of JBS Canada’s expansion.

“JBS is a cornerstone in Brooks, creating jobs and ensuring Alberta’s world-renowned beef reaches millions of appreciative diners. Our local and provincial economies are thriving,” says Premier Smith.

The project is underway, with completion expected by fall 2025. It will generate 24 permanent jobs, and 170 temporary positions, bolstering the local workforce.

In 2023, Alberta’s beef production reached nearly one million tonnes, contributing to meat product sales totaling $12.2 billion.

Agri-Processing Investment Tax Credit

To encourage further investment in agri-food manufacturing, Alberta’s government introduced the Agri-Processing Investment Tax Credit program in spring of 2023.

To qualify for the tax credit, corporations must invest a minimum of $10 million in building or expanding value-added agri-processing facilities in Alberta.

JBS Canada has received conditional approval for Alberta’s Agri-Processing Investment Tax Credit program. This will grant them an estimated tax credit of $10.7 million.

About the Author

Kara grew up on a grain farm near Bow Island, Alberta. After attending SAIT and the University of Calgary — where she obtained a degree in communication and media studies, and a diploma in broadcast news — Kara began her professional career working in agricultural communications and agricultural journalism. Kara now farms alongside her family and her husband on the family farm, where they raise a mix of livestock, crops, and barn cats.

Author

Cattle Report

Updated: 11/10/2024

Steers

Live: ---
Rail: 405.00 del

Heifers

Live: ---
Rail: 405.00 del

Choice Steers

Live: 186.00-187.00 (TX, KN), 187.00-188.00 (NE, IA)
Rail: 296.00 (IA, NE)

Choice Heifers

Live: 186.00-187.00 (TX, KN), 187.00-188.00 (NE, IA)
Rail: 296.00 (IA, NE)

Boner Cows

Over 500 lbs: 239.18

Canadian Dollar

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Livestock Price Insurance Index

Expiry Fed Feeder Calf
30-Dec-24 -- -- --
27-Jan-25 234 312 --
24-Feb-25 230 310 --
24-Mar-25 230 308 --
21-Apr-25 236 312 --
19-May-25 240 312 --
16-Jun-25 244 316 --
Last Updated on October 3, 2024

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