Beef Products Inc. permanently closed its plants at Waterloo and two other locations on Monday, saying it could not overcome the damage from a controversy over beef trimmings. The closings will affect 650 workers, including 220 in Waterloo.
This is an interesting issue coming out of Iowa. The governor and former governor (the current Secretary of Agriculture) have been putting on a full-court press of positive PR for "pink slime." How does this decision impact the local agriculture industries? What other impacts will this plant closure have beyond agriculture? While the market compel agribusiness to reform long term?