Smithfield sale gets shareholder approval

Shareholders have approved the sale of Smithfield Foods Inc. to Shuanghui International Holdings Ltd.
“It is a sad day for family farmers and consumers when the largest pork processing company in the United States is sold to a Chinese interest,” said  National Farmers Union President Roger Johnson. “Putting ownership of our food system in the hands of other countries does not bode well for the future of our agricultural marketplace. Congress should revisit the official approval process for such transactions with an eye toward assuring that our food systems are more stable, safe and secure, and are based on a model of family farmers and ranchers.”
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