|Apr 01, 2011 --
Outline Of Need:
Hampton Feed Lot Inc., a custom beef cattle feeding operation, needed to improve their manure handling system. Anaerobic digester systems were researched and found to be feasible with current waste streams and projected revenues from selling renewable energy and soil amendments.
How Rural Development Helped:
Rural Development helped secure a financing package working with Goppert Financial Bank, the current lender for Hampton Feed Lot, Inc. and Hampton Alternative Energy Products, L.L.C. The financing package was an 80% guaranteed Renewable Energy For America Program commitment for $2,857,000.
The project will use the manure from 2,400 head of beef cattle fed in confinement barns and open pens to produce green energy. Using the manure will delete a waste stream from the environment and create a revenue stream for the operator. It is estimated that the project will hire six new employees in four years in an economically challenged rural area in Chariton County.
Hampton Feed Lot, Inc. was incorporated as a Missouri Corporation in 1972 with twenty two original members. The custom feeding cattle business continues today with two of the original board members and second generation family members from the original board. The facility was thought to be ahead of their time with the construction of confinement barns with slatted floors over collection pits almost thirty years ago. With the help of Rural Development, Hampton's leadership believes that they are again on the cutting edge of the beef industry. This is the first anaerobic digester project in Missouri using manure from beef cattle.
When completed the project will be using an Andigen designed system with six thirty three thousand gallon steel tanks that with a patented process will result in biogas. The biogas will fuel two 300 kwh generators to reduce the facility's dependence on commercially generated electricity. Surplus energy will be sold back to the local utility to utilize green energy.
The solid waste from the digested manure will be processed into a soil amendment. This product can be utilized to offset the use of commercial fertilizer with a more environmentally friendly product.
Hampton's leadership believes that this partnership will help our environment and the local rural economy.