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08/12/2021 SOURCE: apnews.com

With chicken prices soaring, Sanderson Farms sold for $4.5B

With the price of chicken soaring, the third-largest poultry producer in the U.S. is being bought for $4.53 billion. Cargill and Continental Grain have formed a joint venture to acquire Sanderson Farms, paying $203 per share in cash for a company that last year processed more than 4.8 billion pounds of meat.

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TOPIC(S): Agriculture US, Hobby Farming, Vertical Farming, Consumer/Retail,

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Matt Brechwald is the world's most prolific agricultural podcaster. Consistently podcasting since 2014 Matt has hosted well over 1,000 podcasts about agriculture and conducted hundreds of radio interviews as well. From his farm in Kuna, Idaho, Matt has developed the term "Off-Farm Income" into a multi-national brand.