Saturday, November 19, 2011

DeCoster Sets Up Exit of Egg Business

Des Moines Register:
Austin “Jack” DeCoster is leasing out farms he owns in Maine as well as those in Iowa, the ones responsible for the outbreak and nationwide egg recall last year, said a lawyer for the family, Jan Kramer. DeCoster’s son, Peter, who managed the Iowa farms, is no longer involved in the businesses either, she said.
She cited the move as a family “business decision.” She denied that federal regulators had anything to do with the decision but acknowledged that the aftermath of the recall and outbreak had left the DeCosters with a limited market for their eggs. Some large retailers, including Walmart, refused to buy eggs from DeCoster-linked companies.
The DeCoster operations are now being run by Centrum Valley Farms, said Steve Boomsma, a part-owner of the business and its chief operating officer.
DeCoster remains invested in Ohio Fresh Eggs, the former Buckeye Egg Farms, but has apparently worked out a deal to exit those operations also:
Two Iowa farm families, the Deans and the Hennings, have entered into an agreement to lease and manage the Ohio Fresh Eggs facilities in Licking, Hardin and Wyandot counties.
The new operators have a nine-year lease with an option to buy the state's largest egg farm operation from 76-year-old Jack DeCoster, who is classified as a habitual violator by the Iowa Department of Natural Resources for chronic environmental problems in the 1990s.
I doubt that he'll be missed.

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