NC hog farmers worry about Smithfield Foods buyout

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by The Associated Press

WCNC.com

Posted on October 6, 2013 at 11:11 AM

FAYETTEVILLE, N.C. (AP) -- 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 (http://bit.ly/15PMlSc ) that the farmers know Chinese culture and have some distrust for the new owners. 

Other experts question the Chinese commitment to food safety. 

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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