NEWS
Ag Policy Blog
Todd Neeley DTN Staff Reporter
Wed Jul 10, 2013 10:06 AM CDT

A number of food, rural and consumer groups are urging the U.S. Committee on Foreign Investment to reject a proposed acquisition of Smithfield Foods by the Chinese company Shuanghui International Holdings, Ltd., outlining in a 12-page letter to Obama administration cabinet secretaries Tuesday the potential risks involved in such an acquisition.

"The proposed takeover of a major U.S. food manufacturer poses significant potential threats to U.S. security interests; undermines food security in the United States and worldwide; threatens the safety of the U.S. food supply; transfers technology, assets and intellectual property that was developed in part by taxpayer-financed resources to ...

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