NC Hog Farmers Worry About Smithfield Foods Buyout - WSPA.com

NC Hog Farmers Worry About Smithfield Foods Buyout

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Several North Carolina hog farmers are worried what the buyout of Smithfield Foods by a Chinese company will do for the pork industry. Several North Carolina hog farmers are worried what the buyout of Smithfield Foods by a Chinese company will do for the pork industry.

Several North Carolina hog farmers are worried what the buyout of Smithfield Foods by a Chinese company will do for the pork industry.

Harnett County farmer Tom Butler told The Fayetteville Observer that some farmers don't have a lot of confidence in the new owners.

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.

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