Livestock auction barn is feasible

11/14/13 (Thu)

In response, local livestock producers, together with the Velva Community Development Corporation, Minot Area Development Corporation, NDSU Extension Service and the State Ag Department, held a meeting in March of this year to discuss the possibility of establishing a new livestock barn.
That meeting, held at Verendrye Electric in Velva, resulted in a committee assigned to research the feasibility of such a venture.
Randy Hauck, one of the committee members, reports that the feasibility study they commissioned shows a new livestock auction barn in this part of the state is “certainly feasible.”
“Year one, it’s not too profitable, which is to be expected,” Hauck said. “But year two, year three, moving forward, it’s certainly feasible.”
When Northern Livestock Exchange closed in January 2013, it had posted sales of 48,000 beef cattle and horses in 2012 and 58,000 animals in 2011. It served a seven county area, including Ward, McHenry, Mountrail, Renville, Bottineau, McLean and Sheridan, representing a total cattle population of 221,600 and 7,300 sheep.