After growing the business, keeping up with technology, following government regulations and expanding into new markets, there comes a time when a meat processor wants to enjoy the fruits of his or her labor. It may be a full retirement, or it may be a part-time employment, or semi-retirement. In either case, this transition will largely depend on the next generation of ownership, in many cases a family member.
While growing up in the industry doesn’t necessarily guarantee future success, the sons and daughters of today’s company presidents are stepping up to ensure their companies remain in good hands.