A Chinese takeover of Smithfields? Monday, August 5, 2013 Last year was financially unkind to Smithfield Foods Inc., the largest pork producer in the United States. While full year sales were up a full percentage point to US$13.2 billion, net income was down to $183.8 million, nearly a 50 per cent drop from $361 million a year before.The company's press release said pork production was not a money maker last year because of higher feed costs and other inputs. Any pork producer could have told you that.No wonder shareholders were enthusiastic about Shuanghui International, the largest butcher in China, taking over Smithfield sometime in the next six months. Shuanghui was offering US$31 a share for Smithfield Foods stock, a 31 per cent premium over the previous trading price of $25.75. The sale requires federal government approval.Shareholders aren't the only ones wondering where this is going. Producers across North America wonder what it will mean if a firm from China, the largest pork consumer and producer in the world, acquires the Smithfield company, if indeed the sale is approved. Is this more pork going to China and away from North American markets, or what else might happen? BP Coping with the wild boar invasion Tennessee backs down on ag-gag law
FCC says with Productivity Gains, Canada’s Food Manufacturing Sector Could Add $40 Billion Friday, June 5, 2026 Canada’s food and beverage manufacturing sector could deliver a major economic boost over the next decade, but only if productivity growth accelerates, according to a new report from Farm Credit Canada (FCC). The report, , outlines how achieving three per cent annual GDP growth could add... Read this article online
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Canola Storage Tips Keep Crops Market Ready Thursday, June 4, 2026 Farmers knowproper storage is important tomaintaincanola quality and ensure it meets market standards. One major concern for growers is the use of malathion in storage bins. Malathion residue can remain in bins for many months after treatment. This residue can transfer to canola seeds,... Read this article online