DIMMITT, TX – USDA is backing a $24.6 million commercial loan for a new locally owned beef processing facility in Dimmitt expected to process about 400 cattle daily and create 220 jobs.
The project was organized by 36 Texas Panhandle cattle investors seeking an alternative to major national processors. USDA says the new jobs are expected to pay an average of about $30 per hour.
Public company information indicates the project is West Texas Beef Producers, LLC, a rancher-owned Dimmitt processor currently in pre-construction. USDA has not formally identified the borrower or operating company.
Earlier project materials described West Texas Beef Producers beginning near 210 head daily and expanding to roughly 410 by its third year. The company says its ownership includes ranchers, feeders and other Panhandle agricultural operators.
USDA has not announced a construction schedule or opening date. The Business and Industry Guaranteed Loan Program supports rural businesses, employment and economic development.
Farm-Level Takeaway: The Dimmitt project could give Panhandle cattle producers another regional processing option while keeping more cattle value within the local economy.