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C-Span3 right now: Hearing on Purchase of Smithfield by China

Posted: Jul 10, 2013

C-Span 3 has a hearing on the acquisition of Smithfield. The man testifying, Daniel Slane states if China buys Smithfield, what keeps them from dominating the free market? Also, American companies can't buy into Chinese food companies so we shouldn't allow them or any other country to buy our food producing companies, especially since it would be more than likely that they would move the company overseas and then sell Smithfield products back to the U.S. at a higher price and lesser standard. Even if they don't move the company overseas, they will control most of the pork production in the U.S.

Lanny Pope, CEO of Smithfield is testifying and he approves this and it's states it means jobs, it's good news for the farmers, and it's good news for the shareholders. Man, this guy is really dreaming. He has no idea how these other governments work.

He states the Chinese eat more pork per capita than Americans...I disagree. The Chinese population may be higher than America but they eat LESS MEAT than Americans. He also thinks their products would be under the same scrutiny as other meat products that come into this country.

Yeah, right. As Serroud Brown states, we've seen the contamination of drugs produced in China, the weaker steel, the toys with lead paint, etc.

I suggest everyone keep an eye on this and let Congress know how you feel. Smithfield should NOT be sold to the Chinese. Since China wants more pork, why can't our country send it to them?

BTW, here are their brands:

;

China consumes twice as much meat as - America.

[ In Reply To ..]
You might be confusing China with Japan?

Nope. The CEO of Smithfield stated China, not Japan. (no message) - Truthhurts

[ In Reply To ..]
.

I don't think you understand. - sm

[ In Reply To ..]
I asked if you were thinking of Japan instead of China because China consumes far more meat than the US. I'm aware that the Smithfield article is talking about China.

I was trying to figure out why you thought that wasn't true, when it so obviously is true. The only logical reason I could think of why you thought it wasn't true is that perhaps you were thinking of Japan, who doesn't consume much meat.

the Chinese DO eat far more pork than we do - (you can't disagree, it's a fact)

[ In Reply To ..]

What's the ratio of population? I didn't look that up before posting. (no message) - Truthhurts

[ In Reply To ..]
.

Per capita numbers. - sm

[ In Reply To ..]
China--86 pounds of pork.
US--58 pounds of pork.

I personally dont care HOW much they eat - I dont want Smithfield sold

[ In Reply To ..]
to the Chinese. Period. I'm with you Truthhurts and I am a semi-liberal.

I guess you'd have to talk to the stockholders - nm

[ In Reply To ..]

purchase of Smithfield - Roseanne

[ In Reply To ..]
Is there a euphemism for "I bankrupted the company and now I have to lie through my teeth?" Executive decision or something like that?

Am I the only one to think they are pushing this through in record time? What's the big rush to sell Smithfield anyhow?

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