In this insightful Q&A, Jim Eadie interviews Pat Joyce about the recent formation of Passel Farms and the strategic acquisition of Cactus Family Farms. Joyce discusses Standard Nutrition Company’s innovative approach to integrating new partnerships, leveraging advanced technology, and driving operational excellence. The conversation reveals how these developments are poised to shape the future of the pork industry, driving success and resilience in an increasingly competitive marketplace.
- What led to the founding of Passel Farms, and how does this reorganization reflect Standard Nutrition Company’s commitment to innovation and excellence in the pork industry?
The creation of Passel Farms is significant in two ways. First, Passel Farms represents Standard Nutrition Company’s transition from a managed services strategy of serving previously managed producers and partnerships to a more integrated model for existing, new and future partners to invest in and participate in pork production. Second, our goal, as it always has, is to improve our operational excellence, strategic focus and risk-return profile. Standard has been working with our partners to achieve this goal for several years as we position ourselves in an increasingly competitive industry.
- What unique strengths and capabilities does the acquisition of Cactus Family Farms bring to Passel Farms? And how will this change business strategy?
It always starts with people. I am really looking forward to seeing these two teams of dedicated, passionate and experienced people come together to ensure that the performance of the combined business continues to improve year after year. Additionally, Cactus adds assets with both geographic similarity and diversity (such as the Boar Stud, investments in gold leaf development and other complementary assets). Both companies also have similar marketing strategies. These attributes, when combined with Passel Farm’s milling assets, create synergies and provide an opportunity to better manage Passel Farm going forward.
- Given the complexity of the pork production market, how does Passel Farms plan to leverage new technologies and practices to stay ahead of industry challenges and trends?
From an information technology perspective, Passelpharm has been very active in managing information, understanding performance, forecasting operations and managing risk. Cactus’ information technology infrastructure, although similar in approach, is more developed. Combining best practices from both companies creates many opportunities to better leverage information technology and maximize the potential of our teams and decisions. The combination of our businesses will provide us with more resources and options to drive efficiencies, improve biosecurity management, align our people, assets and supply chains, and continue to improve the resilience of our operations in an increasingly consolidating and competitive industry.
- Can you provide a real-world example of how Passel Farms’ multidisciplinary expertise is already starting to create value and drive business success?
Although it’s still early days and we have a lot to learn about each other, our teams have already begun to identify opportunities to streamline processes, leverage assets more effectively, and focus teams and people. Masu. At the same time, there is a strong foundation of familiarity that leads to business value creation..
