The head of Western Feedlots says the company appreciates all the support it's gotten from the local area over the years.

CEO Dave Plett says the company was proud of being a part of the High River community and says it won't be disappearing.

He says they will continue farming but are transitioning employees to their next careers.

Plett says Western Feedlot has always had a strong and productive relationship with town and the community and plans to continue that into the future.

The company's shareholders Wednesday decided to get out of the cattle feeding business citing the poor political and economic climate in Alberta.