Back in May, news broke that Smithfield Foods, America's largest pork processor, struck a deal to be acquired by Shuanghui International Holdings, China's largest meat processor. While the deal undergoes regulatory reviews, it has stirred a lot of emotion. Should it be allowed to happen? What will it mean for food safety? Will it adversely impact American jobs? How will affect the price of pork? We asked two informed people to debate the subject. Farmer Jill Appell says it's good for American hog farmers. Wenonah Hauter of Food & Water Watch says its bad for food safety and the environment.
Deal is Good for America's Farmers
Jill Appell, Farmer
As a pork producer until recently, I follow what is happening in the livestock industry. Although I was surprised by the impending sale of Smithfield Foods to Shuanghui, I think that this deal could be good for both the U.S. and for China. I believe this is an opportunity to showcase America's rich history, experience, and best practices in agriculture on a global stage.
Bad for Farmers, Worse for Food Safety
Wenonah Hauter, Food & Water Watch
The purchase of Smithfield Foods by Chinese company Shuanghui International Holdings Ltd. is bad news for U.S. farmers and consumers, the environment and food safety. This merger tightens the grip of multinational agribusinesses and Wall Street on America's kitchens, as Shuanghui is partially owned by U.S. investment bank Goldman Sachs.