NC hog farmers worry about Smithfield Foods buyout
Several North Carolina hog farmers are worried what the buyout of Smithfield Foods by a Chinese company will do for the pork industry.
Smithfield has a $100 million plant in Kinston.
Harnett County farmer Tom Butler told The Fayetteville Observer (http://bit.ly/15PMlSc ) that the farmers know Chinese culture and have some distrust for the new owners.
Other experts question the Chinese commitment to food safety.
But North Carolina State University agriculture professor Kelly Zering says the Chinese may learn better practices from North Carolina farmers.
Shuanghui International Holdings Limited is paying $4.7 billion to buy Smithfield Foods.
Shuanghui has 13 facilities in China that employ 46,000 workers and produce more than 2.7 million tons of meat a year. Smithfield Foods employs about 46,000 people worldwide and has annual revenues of about $13 billion.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)
Copyright 2013 by The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.