Jackson Jambalaya

I watched this company destroy a farm family that had grown chickens for over 25 years exclusively for them.

Overnight, they put the man out of business and ruined his farm, simply because they could.

There is a very dark side to the poultry business. If people really knew how they operate, no one would ever buy a Sanderson product again.

Bet they take their money and move to Colorado or New York, can’t say I blame them, who wants to live here anyway?

Sanderson and others are currently under criminal investigation for price fixing….buyer be ware

The civil penalties will be staggering

Its their company, they can do what they want with it. Hope they talk the buyer into extending the golf tournament sponsorship.

Chicken shit!

Bloomberg | A Record Buyout Is Just the Start as Wealthy Flee U.S. Tax Hike

The threat of subjecting billions in proceeds to additional capital gains taxes motivated the clan to get it done before the end of 2021, when higher rates could take effect, the people said.

Such maneuvers are suddenly in the works throughout the opaque world of private U.S. corporations, as founders and their offspring discreetly consult tax experts and bankers with a pointed question: How much might they save by selling quickly?

Suddenly, in just a matter of a few months, the vast dealmaking machinery that caters to wealthy entrepreneurs has started buzzing with a level of activity that some industry veterans say they haven’t seen before, potentially setting up a cascade of sales for later this year. A combination of high valuations on companies and potentially higher taxes in the future is proving to be a potent motivator.

This sale will cost a lot of Mississippi jobs, production and administrative.

Mississippi's RINO herd has to wondering how badly this will negatively impact their campaign contributions.

Wonder how this could affect their PGA Event and the money that goes to Blair Batson?

8:59 You are 100% correct in your "dark side" statement.

"Bet they take their money and move to Colorado or New York, can’t say I blame them, who wants to live here anyway?" Do you live here? If so, do you plan on moving?

Third generation always destroys. See downtown Jackson

Prelude to will happen to CSpire. The family is getting too big with too many tree branches. The play for future control is already underway. Which tree branch will win? After the fight is over, the losing parties will want to sell. Happens all the time when there are too many grandkids and not just two brothers making the decisions like in the beginning.

I’m betting that an agricorp based in the People’s Republic of China will purchase Sanderson Farms just like they purchased Smithfield. And Mississippi poultry farmers will join Mississippi soybean farmers in feeding the People’s Liberation Army, Air Force, and Navy with illegal labor from South of the Border.

And Mississippi politicians will be courting PRC dignitaries and vice versa.

If, they are under investigation for price fixing, every other poultry producer should be, also. It is the most controlled industry, by the producer, in the world. The producer controls the hatchery, that supplies the eggs for the new birds shipped to the growers, the feed, for the new birds placed with the growers, the amount of profit for the growers, yes, I said profit is predetermined. They control the transportation, of the live birds, and processed product. They can tell within 1/4 of a penny the cost of the product, from hatchery to store shelf. Sounds like a good way to fix a price.
It has been 13 years since I have been around the industry. At that time, it took 58 days, from the time a chick was placed with a grower, to harvest. That time had been shortened from 60 days, the reason given was that the bird was too large for the processing plant. The plants were set up for 6 pound birds, anything larger than that had to be shipped to a special plant. 58 days from a hatchery to a processing plant, chicken ready to cook, but don't worry, haha, "no steroids" were involved. Yeah, sure, what ever you say, boss.

Chicken Processing has been notorious for hiring illegals in MS. That and basic economy of avoiding market multipliers means I buy whole $8 raw chickens minimally processed that yield meat and skin-bone stock.

@9:12 - I'd pick Mississippi WAY before Colorado and NY - wanna try again?

Does anyone know if “Commissioner Hat” has made any recent trips to China?

Also, does anyone remember the news stories during the pandemic about Smithfield shipping frozen hog carcasses to China while our grocery store shelves were bare of meat?

They will do the same thing with chicken if they buy Sanderson Farms.

11:13 - How about Tennessee or Florida? No state income tax. I paid nearly $5,000 income tax to the State of Mississippi last year just for the privilege of living here. My retirement is coming up. Not going to get fleeced much longer. (BTW, I was born here. Never lived anywhere else, but my entire growing-up family skipped out years ago. My turn.)

The third generation destroyed downtown Jackson? Hmmm, 30 years ago downtown was in good shape.

How many of you geniuses know Hunter Biden is on the Board? I don't either, but would not doubt it.

China will snap this business up in a heartbeat.
Can you say General Tso Chicken!

We've been hearing rumors about Sanderson Farm or Tyson buying the Canton Peco Plant. Also heard that Peco has extended it's closing now till September/October. Some Hispanics have delayed moving out based on this.

Mississippi's RINO herd has to wondering how badly this will negatively impact their campaign contributions.

June 22, 2021 at 9:28 AM

No, Joe Frank Sanderson was Chairman of Tate's finance committee. $100K

The State of Mississippi makes more off a chicken sold in a grocery store than the farmer that raised it. Think about that for a few minutes.

9:26, other than executives, what jobs will it cost? They aren't moving the chickens. And do you know they have production facilities all over the southeast?

1:42
As in all buyouts, the executives will either not lose their jobs or be paid millions in overly generous severance packages. Job losses will come from the approximately 1,800 employees at Sanderson headquarters. Laurel is gonna take a hit out of this. The golf tourney had better start looking for a new sponsor.

10:21 You are so right. What PRC already owns is mind boggling. Everything from food supply chains to Merit Healthcare. The Rinos and Dems are selling this state and the rest of the nation off to the chi coms, like a stolen car for the parts. It is being done at our expense, with all the profits going into their pocket. So smart they do not think anyone sees the crime. Worse they think they will never be held accountable.

A bloodless invasion continues uninhibited by anyone of authority. We are on a two front war by design.

Good luck, god speed everyone. We are going to need it to salvage the republic and our livelihood.

I wonder what Louise, Louise, and Louise Mandrell think of this.

Hunter Biden is not on the Board. Sanderson has a 10-year commitment to the PGA Tour event that will be binding on the new owner.

"No, Joe Frank Sanderson was Chairman of Tate's finance committee. $100K"

I thought his chairman was Archie's football roommate who opposes the Delta Pump Project. Maybe Tate had/has multiple finance committee gurus.

Maybe Garardo Gibberto will encourage the Lottery Corporation to buy the Chicken Empire.

Louise Mandrell was hot . . .

So were her sisters, Barbara & Irlene !

I'm pretty sure they all can fry chickens.
(Sanderson's brand or not)

If you work for Sanderson and don’t work directly with bird production or processing, you’d better start sending out resumes. Support personnel are the first ones out the door.

I don't know about now, but nearly 25 years ago it cost $110,000 to build a state of the art chicken house. I was told it took 3 houses to break even and 6 houses to make actual money. At that time, that kind of money wasn't chicken feed. There's no telling what it cost, now.

China owns Merit Healthcare? Please...Do tell.

4:49 PM You are showing your age. The Mandrell sisters are all nursing home age now.

6:07 - 4:49 said "was" and "were".

Merit Health is a division of Community Health System (NYSE: CYH). CYH is a publicly-traded company. The largest shareholders are a bunch of large asset management firms and mutual funds like Blackrock, Franklin, Vanguard.

No, the PRC does not own Merit Health.

Yeah, was and were, that pretty much describes me, too.

@10:08 a.m.
Wade & Jimmy have already bought W.S.F. Tatum's Wilmut Gas & Oil Company in Hattiesburg.The Rankin gas field was the source of their wealth, not timber.The gas field was bought cheap at a New Deal era WPA/RFC public auction in the 1930s. It was the WPA's "gift that kept on giving" to the Tatum family and the Hibernia National Bank to which Tatum rose to become Board Chairman.

7:40 Blackrock and Vanguard front for foreign parties more than any of us care to admit. Shanghai flies into Mississippi and several other states looking after Beijings interest with a team every other week. Micro managing those hospitals.

Do not take my word. Ask the people who have or are working there. Chinese nationals coming in with suitcases full of money paying cash for surgeries, having babies to gain birthright citizenship. Brinks is making regular runs to pick up the take.

But by all means... stay put in denial.

So, 7:33 a.m. is stoned at this early hour?

Louise Mandrell was the Miss Goldy (Sanderson Farms) spokeswoman for years.

I remember that ad that started out saying her name three times. Wish I could find it on the internet. I hadn't thought of her in a long time!

12:17, I have lived in Florida and other various states with better or no state taxes. However, in the no tax FL (state) when we lived there they made it up in other things like car tags. Car tags will eat you alive when you move a car there and tag it for the first tie in FL. We paid well over $1000 to move a car there, just to move the title & tag it, along with getting 2 driver's lic. 10 years ago. They have "impact fees" in the county you move to, which may or may not be listed on the county site-- and are steep----we were stunned at how much it cost to tag a car there. My tags in MS run mid $40's on my older cars to $260 on my most expensive car. Also, they make up the tax in other ways. But saying that, I plan on moving back out of MS, too. MS born and raised here but left and came back for family reasons. I plan to leave here in the next 7 years at retirement providing our health holds out and we are able to handle a move again. I love Mississippians and the people here, but we are itching to get back out. MS does have a lot of good points on the financial side of cost of living, home prices, etc., taxes on homes, etc. but we found FL ate us alive on some fees that make well up for the no state tax. You gotta pay it some way, they just shift how it is paid and call it something else. It evens out.

This is no coincidence.

https://finance.yahoo.com/news/record-buyout-just-start-wealthy-120000843.html

This is the best I could do for you, neighbor.

https://www.youtube.com/watch?v=je2FlUucBGA

Hey @6:32, Spire Energy is not the same company as CSpire...just so you know.

https://www.spireenergy.com/about-spire

How much of Sanderson Farms does the Sanderson family collectively own? Evidently, there isn’t a single person in the family that owns 5% or more.

@9:31 A.M.
Thanks for the correction.You know what they say about "making assumptions" making a fool of you and me, but it is something I assumed that the Creemore family would be involved in... getting into a Mississippi-born energy company that was created during the WPA Depression era as was Tatum's Wilmut Gas and Oil Co.I had always assumed that the Wilmut buildings on Newman and Pine Streets were constructed during the Gulf & Ship Island RR era but my 1924 Sanborn Map shows NO structures on the land between Newman and Railroad Street.And I cannot find any info in the Tatum archives at USM's McCain Library as to the architect of the Wilmut building at the corner of South Main & Newman streets.

10:21 You took the words right outa my brain…truth!!!