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Subsidy Tracker Parent Company Summary
Parent Company Name: Hormel Foods
Ownership Structure: publicly traded (ticker symbol HRL)
Headquartered in: Minnesota
Major Industry: food products
Specific Industry: meatpacking
| Subsidy Summary | Subsidy Value | Number of Awards |
| State/Local | $32,116,502 | 28 |
| Federal (grants and allocated tax credits) | $0 | 0 |
| TOTAL | $32,116,502 | 28 |
| Loan / Bailout Summary | Total Face Value | Number of Awards |
| State/Local loans, bond financing and venture capital | $0 | 0 |
| Federal loans, loan guarantees and bailout assistance (not including repayments) | $26,818,563 | 5 |
| TOTAL | $26,818,563 | 5 |
Time Period for State and Local Awards: Earliest year of data: 2003. Availability of data for earlier years varies greatly from program to program. The majority of the listings for this parent company are for the period since 2012.
Time Period for Federal Awards: FY2000 to the present
Notes: Dollar totals do not include awards for which no subsidy value is disclosed.
Links: For a summary of this company's regulatory violations see its Violation Tracker summary page
here.
| Top 5 States for state/local awards | Total Subsidy $ | Number of Awards |
| Iowa | $26,420,122 | 18 |
| Minnesota | $4,869,304 | 2 |
| Nebraska | $400,000 | 1 |
| California | $249,080 | 3 |
| Wisconsin | $104,275 | 3 |
| All other | $73,721 | 1 |
Individual Subsidy Records:
Click on the company name for more information on each subsidy award.
| Company | Location | Subsidy Source | Year | Subsidy Value  . | Loan/Bailout Value | Type of Subsidy |
| Hormel Foods Corporation | Illinois | state | 2004 | undisclosed | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2005 | undisclosed | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2006 | undisclosed | | tax credit/rebate |
| Hormel Foods Corporation | Illinois | state | 2008 | undisclosed | | tax credit/rebate |
| West Central Turkeys LLC | Minnesota | state | 2007 | undisclosed | | enterprise zone |
| Hormel Foods Corporation | Nebraska | state | 2012 | undisclosed | | tax credit/rebate |
| Hormel | Kansas | local | 2017 | undisclosed | | tax abatement |
| Hormel Foods Corporation | United States | federal | 2010 | | $268,563 | federal loan or loan guarantee |
| Jennie-O Turkey Store, Inc. | United States | federal | 2012 | | $2,700,000 | federal loan or loan guarantee |
| Jennie-O Turkey Store, Inc. | United States | federal | 2014 | | $7,200,000 | federal loan or loan guarantee |
| Jennie-O Turkey Store, Inc. | United States | federal | 2012 | | $7,650,000 | federal loan or loan guarantee |
| Jennie-O Turkey Store, Inc. | United States | federal | 2011 | | $9,000,000 | federal loan or loan guarantee |
| VALLEY FRESH, INC. | California | state | 2005 | $3,120 | | training reimbursement |
| Hormel Foods Corporation | Wisconsin | state | 2012 | $6,693 | | tax credit/rebate |
| HORMEL FOODS CORPORATION | California | state | 2003 | $16,380 | | training reimbursement |
| Jennie-O Turkey Store, Inc. | Wisconsin | state | 2011 | $18,105 | | tax credit/rebate |
| Burke Marketing Corporation | Iowa | state | 2008 | $44,596 | | training reimbursement |
| Burke Marketing Corporation | Iowa | state | 2005 | $64,451 | | training reimbursement |
| Hormel Foods Corporation | Illinois | state | 2007 | $73,721 | | tax credit/rebate |
| Jennie-O Turkey Store, Inc. | Wisconsin | state | 2012 | $79,477 | | tax credit/rebate |
| Hormel Foods Corporation | Iowa | state | 2004 | $198,000 | | grant/loan hybrid program |
| Burke Marketing Corporation | Iowa | state | 2004 | $200,000 | | grant/loan hybrid program |
| Columbus Mfg Inc | California | state | 2020 | $229,580 | | training reimbursement |
| Hormel Foods Dba Progressive Processing, LLC | Iowa | state | 2020 | $304,948 | | training reimbursement |
| Hormel Foods | Iowa | local | 2022 | $317,003 | | tax increment financing |
| Hormel Foods Dba Progressive Processing, LLC | Iowa | state | 2014 | $384,695 | | training reimbursement |
| Hormel | Nebraska | state | 2020 | $400,000 | | grant |
| Hormel Foods Dba Progressive Processing, LLC | Iowa | state | 2016 | $444,108 | | training reimbursement |
| Burke Marketing Corporation | Iowa | state | 2020 | $569,625 | | training reimbursement |
| Hormel Foods Corporation, Progressive Processing, LLC | Iowa | state | 2019 | $575,706 | | grant/loan hybrid program |
| Jennie-O-Turkey Store | Minnesota | local | 2014 | $594,304 | | multiple |
| Hormel Foods | Iowa | local | 2021 | $665,566 | | tax increment financing |
| Hormel Foods | Iowa | local | 2020 | $672,311 | | tax increment financing |
| Osceola Foods | Iowa | state | 2003 | $761,238 | | training reimbursement |
| Burke Marketing Corporation | Iowa | state | 2004 | $855,875 | | tax credit/rebate |
| Hormel Foods Corporation 04-EZ-12 | Iowa | state | 2004 | $1,421,020 | | enterprise zone |
| Progressive Processing, LLC | Iowa | state | 2013 | $2,313,000 | | tax credit/rebate |
| Jennie-O Turkey Store | Minnesota | local | 2017 | $4,275,000 | | tax credit/rebate |
| Hormel Foods Corporation | Iowa | state | 2008 | $6,115,980 | | tax credit/rebate |
| Hormel Foods Corporation And Burke Marketing Corporation | Iowa | state | 2018 | $10,512,000 | | grant/loan hybrid program |
