Category: Smithfield Foods

North Carolina Bill Barring Adversarial Regimes From Buying Land Passes State House

April 28, 2023
Chinachinese spy balloonsfarmlandNational SecurityNorth CarolinaRegional & State NewsSmithfield FoodsState NewsUSUS-China relationsVirginia
0 Comment

The North Carolina House of Representatives unanimously approved a bill on Wednesday prohibiting state-owned companies and hostile foreign nations like China from purchasing farms or any other land near a military installation. The 114-0 vote came amid mounting concern over national security after the Chinese spy balloon recently flew over the state’s military bases before…

Read More

Smithfield Foods to Pay $75 Million in Pork Price-Fixing Settlement

September 29, 2022
$75 MillionBusiness & MarketsCompaniesPork Price-Fixing SettlementSmithfield FoodsUSUS News
0 Comment

Smithfield Foods Inc has agreed to pay $75 million to settle a lawsuit by consumers who accused the meat producer and several competitors of conspiring to inflate prices in the $20 billion-a-year U.S. pork market by limiting supply. A preliminary settlement in the antitrust case was filed on Tuesday night with the federal court in…

Read More

Smithfield Foods Settles Pork Price-Fixing Lawsuit for $42 Million

July 6, 2022
Business & MarketsCompaniesMarketsporkSmithfield FoodsUSUS News
0 Comment

OMAHA, Neb.—Smithfield Foods will pay restaurants and caterers $42 million to settle a lawsuit that accused the giant meat producer of conspiring to inflate pork prices, which will likely only add to concerns about how the lack of competition in the industry affects meat prices. Lawyers began notifying companies affected by this latest settlement Tuesday….

Read More

Largest US Pork Processor Leaving Calif.; Bitcoin Falls, Crypto Mkt Value Under $1T | NTD Business

June 13, 2022
bitcoinEpochTVHome salesLive VideosNTD BusinessSmithfield FoodsVideo
0 Comment

The largest pork processor in the United States is abandoning California. It says it’s not worth doing business there anymore because of taxes and inflation. Luxury home sales see the biggest drop since 2020. Why? And what could it mean for some buyers? McDonald’s restaurants reopen in Russia, under a new name and Russian ownership….

Read More

Congressman Wants to End China’s Buying Spree on American Farmland

December 9, 2021
Belt and RoadBusiness & EconomyChinaChina Business & EconomyChinese Communist PartyChinese RegimeCompaniesInfiltrating the WestInternational RelationsPoliticsRepublicansSmithfield FoodsSpecial TopicsUSUS NewsUS-China relationsUSDA
0 Comment

China has been buying up agricultural lands in the United States for years, a trend that a U.S. lawmaker said must end in order to safeguard the American food supply chain. For this reason, Rep. Dan Newhouse (R-Wash.) introduced an amendment to the House’s fiscal 2022 agriculture appropriations bill (H.R.4356) in June. In a recent…

Read More

Congressman Wants to End China’s Buying Spree of American Farmland

December 9, 2021
Belt and RoadBusiness & EconomyChinaChina Business & EconomyChinese Communist PartyChinese RegimeCompaniesFinance & Business TiesInfiltrating the WestInternational RelationsPoliticsRepublicansSmithfield FoodsSpecial TopicsUSUS NewsUS-China relationsUSDA
0 Comment

China has been buying up agricultural lands in the United States for years, a trend that a U.S. lawmaker said must end in order to safeguard the American food supply chain. For this reason, Rep. Dan Newhouse (R-Wash.) introduced an amendment to the House’s fiscal 2022 agriculture appropriations bill (H.R.4356) in June. In a recent…

Read More

Congressman Wants to End China’s Buying Spree of US Farmland

December 9, 2021
Belt and RoadBusiness & EconomyChinaChina Business & EconomyChinese Communist PartyChinese RegimeCompaniesFinance & Business TiesInfiltrating the WestInternational RelationsPoliticsRepublicansSmithfield FoodsSpecial TopicsUSUS NewsUS-China relationsUSDA
0 Comment

China has been buying up agricultural land in the United States for years, a trend that a U.S. lawmaker said must end in order to safeguard the U.S. food supply chain. For this reason, Rep. Dan Newhouse (R-Wash.) introduced an amendment to the House’s fiscal year 2022 agriculture appropriations legislation (H.R.4356) in June. In a…

Read More