On Friday, November 22, 2025, Tyson Foods announced it will permanently close its beef processing facility in Lexington, Nebraska, effective on January 20, 2026. The University of Nebraska-Lincoln said this is the first time that one of the “Big Four” meatpacking companies has permanently closed a major plant, and it will have a substantial economic impact. After crunching the numbers, the estimated annual statewide economic impact of the Tyson plant closure is $3.283 billion, including both direct and multiplier effects on the Nebraska economy. Total labor income losses are projected to be $530.41 million dollars per year across just over 7,000 jobs that support those workers in other sectors. The closure will also substantially reduce tax revenues. Annual losses in state personal income tax revenue are estimated at $23.209 million dollars. Nebraska state sales tax revenues are projected to decline by $10.16 million dollars per year.
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