Smithfield foods

[highyields]

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???  

[giolucas]

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

The Chinese are now the second-largest foreign investors in U.S. housing after Canadians, spending $9 billion from March 2011 to March 2012 -- 11 percent of the total amount foreigners spent buying homes in America during that period, according to xkb.com.cn.

In recent years, real estate prices have been climbing much too fast in China, and the government has repeatedly instituted policies to restrict real estate investment to cool off the housing market. As a result, Chinese real estate investors are looking abroad for better investment opportunities, the U.S. included. Areas popular with Chinese people, including the greater Los Angeles area, New York and San Francisco have seen an increased real estate demand from Chinese citizens.

[buckfarmer]

The post you missed wa something like "we are all Chinise now". It was a hot to pick on here for several days.

[rightone]

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.

[hardnox604008]

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.

[k-289]

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  ---  

[highyields]

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

[pritchh]

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.

[rightone]

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. 

[Hobbyfarmer]

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.