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Agriculture Today

Coalition urges rejection of Smithfield takeover




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August 28, 2013 | 2851 views | Post a comment

WASHINGTON, D.C. -- A coalition of farm, rural, and consumer organizations delivered a letter to the members of the Committee on Foreign Investment in the United States urging them to recommend that the Obama administration reject the proposed Shuanghui International Holdings, Ltd. acquisition of Smithfield Foods. According to a July 9 Food & Watch press release, the letter details the significant risks of a Shuanghui takeover of Smithfield to food security, consumer food prices, food safety, farm, and rural economies in the United States and national security. . . .

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