Delaware Bankruptcy Court Orders Iowa Premium Pork to Pay Additional $188,000 in HyLife Facility Sale

Sep 11, 2023

In a recent ruling by a Delaware bankruptcy court, Iowa Premium Pork has been instructed to pay an extra $188,000 to HyLife Foods, covering property taxes related to the sale of the Windom, Minnesota facility. This decision comes after HyLife, the previous owner of the closed facility, sold it to Iowa Premium Pork for $14 million back in June. HyLife claimed that the buyer was responsible for $215,000 in property taxes due to a bookkeeping error.

According to court documents, lawyers representing HyLife argued that both companies had mistakenly considered an amount owed for post-closing taxes as pre-closing taxes. As a result of this error, Judge Thomas M. Horan ruled this week that Iowa Premium Pork would need to pay $118,057.50 to resolve the tax claim.

Click here to see more...

Video: Hendrix Genetics Swine Raises the Bar: Delivering Robust Genetics for Pork Producers

The swine genetics landscape is evolving rapidly, and Hendrix Genetics Swine is leading the way. In this exclusive interview, Bryce Martin discusses how the integration of Hypor, Danish Genetics and the newly introduced Nexus product line is creating one of the industry's most comprehensive genetic portfolios. Producers across Canada, the United States and Europe are facing increasing pressure to improve efficiency, animal health, survivability and profitability, and Hendrix Genetics Swine is responding with genetics designed to meet those challenges.
Martin explains how the strengths of Hypor's balanced and sustainable breeding approach combine with Danish Genetics' reputation for robustness, growth performance and productivity to deliver solutions tailored to a wide range of production systems. The discussion also explores the launch of Nexus 100, a new sow developed from the combined expertise of both genetic programs and designed to improve predictability, survivability and total system profitability. For more information visit: https://swine.hendrix-genetics.com/en/