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Senior Contributor
highyields
Posts: 770
Registered: ‎06-04-2010
0

Smithfield foods

Maybe I missed something on this site since my computer was down, but what is the opinion in the farm country about the Chinese buying Smithfield foods?   In my opinion I hate it,,, I don't think China should be able to own an American company.    The all mighty dollar speaks very loud in America,,, it will get us in the end in my opinion.    How long before the Chinese companies just come in and buy up large tracts of farm ground??  Do you all want to farm for China firm??  buy the way they are still a communist country.    Isn't that what America is suppose to stand up against???  

 

 

Advisor
giolucas
Posts: 1,087
Registered: ‎06-25-2010
0

Re: Smithfield foods

It has been happening more than you know.

 

Chinese Now Second-Largest Group Of Foreigners Buying Homes In America, Boosting Real Estate Prices 

By Sophie Song | May 02 2013 11:18 AM

 

Senior Contributor
buckfarmer
Posts: 1,174
Registered: ‎06-14-2010
0

Re: Smithfield foods

The post you missed wa something like "we are all Chinise now". It was a hot to pick on here for several days.
Senior Contributor
rightone
Posts: 217
Registered: ‎05-13-2010
0

Re: Smithfield foods, China owning

is a good bet for the 30% of usa pork produced by smithfield to be exported.

 

and since we export bout 25% of all hogs now, That could make the total exports bout 1 out of 2 hogs produced.

 

sooo the afore means the usa itself may consume more beef to replace the pork deficit.

 

Pac basin is the reason the usa now exports 13% of all dairy products produced.

 

usa chickies are leaving.  Substantial new builds now in SA, thus close to a reliable grain supply.

 

it's the world we live in, get used to it.

 

Cost affective cattle for every environment here.
Advisor
hardnox604008
Posts: 5,518
Registered: ‎05-14-2010
0

Re: Smithfield foods

I don't think corporations should own the US "pork industry" but that is soooo old school.

 

If the Chinese want pork that is fine, let them buy it from American farmers.

"People of privilege will always risk their complete destruction rather than surrender any material part of their advantage. Intellectual myopia, often called stupidity, is no doubt a reason."

J.K. Galbraith
Senior Contributor
k-289
Posts: 1,716
Registered: ‎05-13-2010
0

Re: Smithfield foods, China owning

Stopped by a eatery last evening and beef has been placed on the 2nd page - I think due to sticker shock - makes business complicated for this establishment with steaks being their forte  ---  

Senior Contributor
highyields
Posts: 770
Registered: ‎06-04-2010
0

Re: Smithfield foods

You see where corporate own hog farms got us,,,

Senior Contributor
pritchh
Posts: 495
Registered: ‎10-18-2010
0

Re: Smithfield foods

the price paid  =  4-5% rtrs on capital.

 

as if anyone here can't open new processing plants>

i see it as goood,  we got $$$$ and ANYONE here

can expand existing pork operations or

build new.

 

the chinese produce per capita 1/8th of what we dio.

 

this is chinese got us    is unaware.

be happy fopr them going frm 3rd world to better slowly.

Senior Contributor
rightone
Posts: 217
Registered: ‎05-13-2010

Re: Smithfield foods, another supposed

corporate usa agri co that Never, Ever paid a dividend to stockholders.

 

AND they stiffed bondholders in each of 3 bankrupties on their road to supposed success.

 

Thank God and Greyhound they are Gone. 

 

 

Cost affective cattle for every environment here.
Esteemed Advisor
Hobbyfarmer
Posts: 3,643
Registered: ‎01-10-2012
0

Re: Smithfield foods, another supposed

I can remember 30 or so years ago when the Japanese were doing similar things here. They even bought Rockefeller Center in New York City. They got 30 cents on the dollar when they sold it.

 

In the mean time sounds like more demand for grain and labor to raise hogs and process hogs here to me.  

60% of the time, it works every time.

"Political correctness is a doctrine, fostered by a delusional, illogical minority, and promoted by mainstream media, which holds forth the proposition that it is entirely possible to pick up a piece of dung by the clean end."