Tim Mueller has raised corn and soybeans on 530 acres near Columbus, Neb., for decades, but now he is planning to take a huge gamble.
The big-box retailer Costco is building a new chicken-processing plant in Fremont, Neb., about an hour away from Mueller's farm. The company plans to slaughter 2 million birds per week. To raise all those chickens, Costco is recruiting about 120 farmers to sign on as contract poultry farmers.
Mueller wants in. But to do that, he plans to take out a massive $2 million loan to finance the construction of four chicken barns.