Not every ag group is happy with Smithfield Shareholders decision this week to sell the company to Shuanghui of China. Nebraska Farmers Union President John Hansen says it’s disturbing that the largest pork processor in the U.S. is now foreign owned and is a private company tied to the Chinese government.
Hansen says having that private company tie to a government entity squeezes out all competition whether they be processor or producer. He says the sale means more agricultural consolidation which brings with it many antitrust concerns.
He says even though Smithfield shareholders have approved the sale along with a U.S. government agency, there is yet an opportunity to slow down or stop the merger.
Hansen’s parent group, National Farmers Union is recommending that Congress revisit the official approval process with an eye towards assuring that American food systems are more stable, safe, and secure and based on a model of family farmers and ranchers.