Regenerative Capital

Grass-Fed Meat Processing Facility Purchase

by Old Salt Co-op
Grass-Fed Meat Processing Facility Purchase

Old Salt Co-op is converting an existing site into a USDA-inspected facility to process grass-fed meat for their local community.

Project Summary
  • Location: Helena, MT
  • Products: Livestock Poultry
  • Loan Amount: $616,300
  • Loan Term: 16 months
  • Interest Rate: 6.50% APR
  • Repayments Begin: 1 month after disbursement


Old Salt Co-op is a regenerative meat company designed to bring Montanans together to invest in the place they call home. Founded by three Montana ranching families–Mannix, Anderson, and Hibbard–Old Salt Co-op represents the collective desire to raise grass-fed beef in a manner that does as much for the land as it does for the community.

Old Salt's first venture, a grass-fed burger joint called Old Salt Outpost, opened in 2021. Now, the team is planning to build out its meat processing capacity to pave the way for a flagship butcher shop, a modular onsite slaughter unit, and an expanded restaurant and retail space.

Use of Funds

Old Salt will use a loan from Steward to convert an existing meat processing site into a USDA-inspected facility, where they can process a higher capacity of meats to sell directly to consumers through restaurants, retail locations, and delivery. This will bring high-quality jobs to the greater Helena regional economy, and help bridge the scale gap between local distribution and commercial wholesale markets for local, grass-fed meat.

Regenerative & Sustainable Practices

While they hold a legacy of sustainably-raising local beef, the ranchers that comprise Old Salt are driven by a larger vision of building a regenerative food economy that prioritizes the health of both the land and the people that reside on it. Taking the common challenges of owning a meat enterprise into account, Old Salt engages in practices that:

  • Support and partner with ranches that restore degraded soils to develop a more resilient landscape with higher forage productivity, greater nutrient density, deeper root systems, and healthier animals.

  • Treat animals with the respect and care they deserve, raise them naturally without the use of hormones, and allow them to roam and graze on pasture. All three founding ranches participate in smaller IMI Global certifications such as NHTC (non-hormone treated cattle).

  • Protect species across the larger ecosystem through third-party certification programs and ecological monitoring systems. Old Salt is currently evaluating Savory Institute's Ecological Outcomes Verified Program as well as Audubon's Conservation Ranching Initiative for "Bird Friendly Beef."

  • Increase employment in the local and regional economy by providing high-quality sustainable jobs. All three founding ranches have participated in Western Sustainability Exchange’s certification program, which evaluates sustainability through the lens of both environmental stewardship and economic prosperity.

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