A Chinese company’s purchase of Smithfield Foods has received a lot of scrutiny this week. The Senate Ag Committee held a hearing gathering information on the deal and an Ag coalition wrote the administration outlining their concerns and opposing the purchase. South Dakota Pork Producers President Andrew Arhart thinks the purchase will turn out positive for America’s producers.
Arhart says should the purchase be approved it could lead to even more trade between the U.S. and China.
The group opposing the purchase listed concerns from food safety to market concentration. A U.S. commission will rule later on the deal.