StemCell Therapy

The opening of Hendrix Genetics in Grand Island on Aug. 15 is an excellent example of the power of markets supplemented by appropriate government policy.

Feeding a growing world population now estimated to be 7.5 billion provides both a challenge and an opportunity as food producers endeavor to meet the growing demand for food. For Hendrix Genetics this demand represents opportunity as it is a world leader in turkey, layer and trout breeding as well as a major player in swine, salmon and guinea fowl production.

The numbers connected with Hendrix Genetics are impressive. They currently have 25 percent of the United States egg hatchery market and the new hatchery in Grand Island will serve 10 percent of the U.S. market. With good science and management, poultry production is an excellent way to provide quality food for both domestic and world markets.

Hendrix Genetics was willing and able to create the Grand Island plant because essential markets were available to meet their needs. After a nationwide search they determined that Grand Island was an excellent location. It provided needed isolation that was essential for the required biosecurity. In our area they found infrastructure for transportation needs, access to willing, affordable and capable labor and area producers to build and manage outlying barns as well as to provide feed.

For each component in the production process, prices, profits and wages had to be sufficient to bring together all the resources necessary to open and operate the plant.

Government policies had to align with needs of Hendrix Genetics and our community gave them an excellent invitation to grow our economy. The work of the Grand Island Area Economic Development Corporation was very important and we would add necessary and effective. Government and private enterprise had an effective partnership.

Also to be noted is that Hendrix Genetics is based in Holland and joins other industries in our community that are based in other countries such as New Holland-Italy and JBS-Brazil. Global interdependence is a reality and a plus for all those ready and willing to participate in the global economy.

America first may be effective political rhetoric in some parts of our country, but it is not good long term economic policy. Free trade and open borders will serve us better, particularly the food producers in the Midwest who are willing and able to feed the growing world population and rely on world markets.

This confluence of markets has added an $18 million investment to the city of Grand Island, more than 40 permanent jobs and an economic infusion estimated at $40 million.

Continued here:
Hendrix Genetics is an economic 'win-win' for GI - Grand Island Independent

This entry was posted on August 22, 2017 at 7:47 pm and is filed under Genetics. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed. |