What happens when a Chinese company owns America’s biggest pork supplier?
Let’s not find out.
Ask your members of Congress to stop the Chinese buyout of Smithfield.
Move over Paula Deen, Smithfield’s got a new bacon mama.
That is, if the largest Chinese buyout of an American company is allowed to go through.Stop the Chinese takeover of Smithfield.
Smithfield is already the biggest, baddest bacon producer around, controlling about one third of the U.S. pork supply, most of which is raised on factory farms. Now the largest Chinese pork company wants to buy them out completely for $5 billion.
Here are a few reasons this is a really bad idea for you, for farmers and for the U.S. food supply:
1. China has weak food safety standards, and Shuanghui Holding International, the Chinese company that is buying Smithfield, was embroiled in a food safety scandal for producing and selling pork laced with the banned veterinary drug clenbuterol, which is linked to serious human health risks.
2. Chinese ownership of Smithfield can only complicate and shield potential future food safety problems from U.S. oversight.
3. Smithfield is the world’s biggest pork producer and owns the most hogs in the U.S. The company has a growing stranglehold over U.S. farmers, who have fewer options for selling their hogs at the market and are prey to abusive contracts from processors like Smithfield.
4. Already, 95% of hogs in the U.S. are raised on factory farms, and this merger could increase that. We may export the pork, but we keep the millions of gallons of manure right here in U.S. hog raising communities in North Carolina and Iowa.
Ask your members of Congress to stop this Chinese buyout, and investigate the impacts of foreign ownership on our food supply.
There is a chance to stop this buyout before it’s too late. Shuanghui’s bid to buy Smithfield must be approved by an interagency council called the Committee on Foreign Investment in the United States. Your members of Congress can influence the decision of this committee, but they must act quickly. Ask your members of Congress to investigate and stop this Chinese buyout of Smithfield before it’s too late.
Stop this buyout:
Thanks for taking action,
Deputy Organizing Director
Food & Water Watch
P.S. If you want to know more about how giant corporate agribusinesses have a stranglehold on our food system, check out Foodopoly, our Executive Director’s new book.