Farms.com Home   Ag Industry News

U.S. Lawmakers Mull over China’s Smithfield Foods Takeover

U.S. Lawmakers Mull over China’s Smithfield Foods Takeover

By Amanda Brodhagen, Farms.com

United States lawmakers have a scheduled hearing on Wednesday to discuss China’s pending takeover of Smithfield Foods.

Senate Agriculture Committee lawmakers will weigh in on the deal offered by China’s Shuanghui International to buy Smithfield. The deal was struck this spring and announced in May.

The committee said the hearing will scrutinize the pending acquisition of Smithfield, while examining the government review process for foreign takeovers. Consideration will also be made on topics such as American food safety and studying the effects of foreign ownership of the U.S. food supply.

If the deal goes through, it would be the largest takeover of a U.S. company by a Chinese business – valued at $7.1 billion. Larry Pope, Smithfield Foods’ CEO is expected to speak at the hearing.
 


Trending Video

Seed Storage: Protecting Quality from Harvest to Planting

Video: Seed Storage: Protecting Quality from Harvest to Planting

Protecting seed quality starts in the field and continues through storage until planting — that was the focus of the Spud Smart–NAPSO webinar with Leroy Salazar, Amanda Wakasugi and Bill Crowder. Speakers stressed that vine kill timing, harvest conditions (soil moisture, pulp temperature), and minimizing mechanical damage set the stage for successful storage; modern buildings, calibrated sensors, VFD-controlled airflow,

rapid field-heat removal, and tight temperature uniformity then preserve seed quality. Ongoing monitoring for hot spots, condensation and early issues, plus sanitation and variety-specific handling, keep losses low and seed viable for shipping or cutting.