The incentive package would give Sanderson Farms land valued at $1.2 million and annual cash payments worth nearly 40 percent of the property taxes paid by the company on all buildings, improvements and equipment each year for 15 years.
Officials at the union representing workers at a Sanderson Farms chicken processing plant in Hazlehurst, Miss., are calling for the company to improve the unsafe working conditions and the racial insensitivity in the facility.
American Proteins, Cuthbert, Ga, and Sanderson Farms, Flowood, Miss., were selected as winners of U.S. Poultry & Egg Association’s 2012 Clean Water Awards.
For the quarter, the company had a net loss of $8.0 million, or $0.36 per share, compared with a net loss of $33.6 million, or $1.52 per share, for the first quarter of fiscal 2011.
In a phone call with investors, Sanderson Farms CEO Joe Sanderson Jr. said that the industry will need to start cutting production, possibly twice this year, to restore profitability to the industry.