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re: Map of Chinese-owned farmland in U.S. Why is so much of it next to military bases?
Posted on 6/23/24 at 2:39 pm to Champagne
Posted on 6/23/24 at 2:39 pm to Champagne
quote:
In 2013, Smithfield Foods, the world’s largest pork processor and hog producer, was indeed purchased by Shuanghui International Holdings Ltd., a Chinese company based in Hong Kong. The acquisition was valued at $4.72 billion1. However, it’s important to note that this doesn’t mean Americans will be eating Chinese cuts of pork. Shuanghui’s goal was to become a leading player in China’s meat market, not to export Chinese pork to the U.S. Instead, Smithfield continues to operate in the U.S., producing meats under various brand names like Armour and Farmland2. So, while the ownership changed hands, the meat processing and production remain largely within the United States.
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