CancelPost Comment

07/11/2013 @ 11:04am Do you really believe it will be the same company ? All the taxable revenue will flow to China and they will break every food saftey rule on the books. Pork prices will rise to China levels and they will poison Americans just like they do their own people. What a bunch of gullible idiots!

Report Abuse Reply

DANIEL LOOKER Re: Re: 07/11/2013 @ 2:32pm Higher pork prices for consumers? I disagree, at least in the short run (several years). China's past history as it takes over industries seems to be similar to predatory pricing that drives competitors out of business. So U.S. consumers might even see cheaper bacon. But U.S. pork producers (and their integrating companies outside of the Smithfield network) could very well be paid lower prices. The critics at yesterday's hearing don't necessarily understand agriculture well, but they know China as well as is possible for an American. For more than 20 years I have considered more trade and less protectionism healthy for American agriculture. But yesterday I found the comments of the critics of the Smithfield deal convincing, and troubling.

Report Abuse
MORE FROM DANIEL LOOKER more +

Making Conservation Convenient By: 05/27/2015 @ 4:38pm The USDA Natural Resources Conservation Service rolled out an online portal Wednesday that could…

Fast Track Clears Another Hurdle By: 05/21/2015 @ 3:00pm The Senate voted 62-38 Thursday to limit debate on a Trade Promotion Authority (TPA) bill the Obama…

Making Corn More Sustainable By: 05/20/2015 @ 5:18pm Sustainability has become a well-worn buzzword in agriculture, but for Monsanto it’s a multi-year…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
The 'A' List: Inverse Grain Market Trends and Wheat Trouble
Agriculture.com

FREE MEMBERSHIP!

CLOSE [X]