Siler City Plant Closing Had Wide Implications

While teaching last night, one of my students mentioned the incident of the Siler City chicken plant closing.  Here is some more background:  Ukrainian billionaire, Oleg Bakhmatyuk, had bought the plant from Townsend chicken.  He had set up contracts with farmers throughout NC to buy chickens. The farmers had borrowed heavily to expand their production.  Also part of the plan was that Bakmatyuk would import corn from the Ukraine and Russia to offset the US ethanol-subsidy driven high price of stateside corn.    But suddenly the Ukrainian pulled the plug and announced plans to close the plant.  Evidently the federal government changed the import regulations regarding corn and the eastern Europe corn could not be imported.  This lead ultimately to the loss of jobs for 50-75 Triad Burmese refugees.

Links:

Charlotte Observer Story

Raleigh News and Observer Story

Winston Salem Paper Story

Bacon’s Rebellion

 

 

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About johnmcmurphy

Jesus is first and foremost in my life. He is above all religions, principalities and powers. In everything He must increase and I must decrease. Into the hands of Jesus, God has placed life and death, truth and purity. strength and meaning. Only in a growing understanding of the triune God, and his son Jesus can I do, breathe, exist and serve. I have a Bachelor's degree in Bible from Vennard College, a Master's in Social Science from Azusa Pacific University and a Ph. D. from Ohio State in Family Relations and Human Development. I am an ordained pastor involved in cross-cultural ministry. I am currently employed at several colleges as an instructor. If you need to get in touch with me, just leave a comment, I screen all comments and so you can leave further contact information which I will erase before it is published. -John

Posted on November 8, 2011, in Uncategorized. Bookmark the permalink. Leave a comment.

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