Moroni Feed Company Reducing Operations

Published on June 27, 2008 at 12:13PM

Updated

(Moroni) The Moroni Feed Company plans to reduce turkey production this year. The move is the result of rising corn prices due to ethanol production and recent flooding in the corn belt portion of the mid west. Feed is the largest single cost in producing turkey, and corn accounts for over sixty percent of Moroni’s feed ingredients. As a result, the Moroni Feed Company, headquartered in Moroni has decided to cancel turkey production for the late part of 2008 and early part of 2009. This will amount to about a twenty percent reduction in pounds produced. Based on the plan they expect to idle their Moroni processing plant for approximately three months beginning in November. They will also adjust production at their Moroni hatchery and Feed Company operation accordingly. They do not expect to change production at their Salina Processing facility. Moroni Feed expects to see more stability in the cost of goods and the price of their product later this year. Moroni Feed also hopes that the current situation will move elected leaders to reform energy policy removing the negative effect of ethanol subsidies on the supply of feed corn. For more information contact Kent Barton at 436-8221. Moroni Feed President and General Manager Dave Bailey, and Kent Barton from public affairs, will be on Table Talk Monday morning at 8:15 on KMTI AM 650.