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Megafund bill OK ‘a good sign’

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At stake is 1,300 direct jobs for plant workers along with the livelihoods for around 300 independent growers.

Pilgrim’s Pride filed for reorganization in December 2008 under Chapter 11 of the U.S. Bankruptcy Code, and in February announced plans to idle three plants, including the one in Farmerville, to cut costs amid what the company contends is a glut of chicken on the market.

Last month, the company said it had agreed to sell the facility to Foster Farms for $80 million.

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