WHY was that allowed to happen?? For CHINA to purchase a pork production and processing monopoly, in our country?!? Not just a few here and there, but become a monopoly!
Lots of someones were asleep at the switch -- or complicit??
Same way they got everything. They flooded the market with cheap goods and bought the farms when pork farmers couldn't compete. Used Walmart's business model, which put mom and pop stores out of business.
This is the reason Trump never gives up placing the blame for the fix we are in in the laps of his predecessors, for decades of stupidity.
China can't produce enough pork (the majority of meat they eat) for the huge amount of people they have so they started buying it internationally. I assume they money-whipped everyone from the farms/plants to CONgress to the regulatory agencies so they could buy Smithfield (and others) and secure a food supply for their people. I don't think they cared how much it cost, and our people were stupid enough to sell out for a quick buck without thinking about the long-term effects to America. Those people are the ones who should have to eat ze bugs.
That's fair. I meant "cashed out". I was fighting in my head with using "sold the farm" but it reminded me too much of "bought the farm". I chose wrong...
I however didn't know why so many farmers sold. I know a lot sell because of the taxes when the parents/grandparents die and the kids/parents can't afford to pay the taxes. I don't know squat about the prices on ag or animals.
Edit - meant to add this - when I said "our people" I was talking about all the old individual people that owned the brands and sold them to Smithfield. The first 1 or 2 I get - they didn't see the big picture yet, but to continue to have other brands sell to them as well just creates a huge monopoly. Then China bought it and made it even worse.
WHY was that allowed to happen?? For CHINA to purchase a pork production and processing monopoly, in our country?!? Not just a few here and there, but become a monopoly!
Lots of someones were asleep at the switch -- or complicit??
Fuck no ------ they were in on it to make a buck
Same way they got everything. They flooded the market with cheap goods and bought the farms when pork farmers couldn't compete. Used Walmart's business model, which put mom and pop stores out of business.
This is the reason Trump never gives up placing the blame for the fix we are in in the laps of his predecessors, for decades of stupidity.
and complicity!!
Oh yes. Don't think Trump can go there, so he just calls them stupid which is the lesser evil
"America for sale" Q
China can't produce enough pork (the majority of meat they eat) for the huge amount of people they have so they started buying it internationally. I assume they money-whipped everyone from the farms/plants to CONgress to the regulatory agencies so they could buy Smithfield (and others) and secure a food supply for their people. I don't think they cared how much it cost, and our people were stupid enough to sell out for a quick buck without thinking about the long-term effects to America. Those people are the ones who should have to eat ze bugs.
Farmers did not sell out. The price of hogs dropped below their production costs, they could not compete with the giant.
That's fair. I meant "cashed out". I was fighting in my head with using "sold the farm" but it reminded me too much of "bought the farm". I chose wrong...
I however didn't know why so many farmers sold. I know a lot sell because of the taxes when the parents/grandparents die and the kids/parents can't afford to pay the taxes. I don't know squat about the prices on ag or animals.
Edit - meant to add this - when I said "our people" I was talking about all the old individual people that owned the brands and sold them to Smithfield. The first 1 or 2 I get - they didn't see the big picture yet, but to continue to have other brands sell to them as well just creates a huge monopoly. Then China bought it and made it even worse.
💰💰💰& probably to slow poison us.