South DaCola

Smithfield has to pay a $83 Million dollar fine for price fixing

At some point we are all just going to have to admit that having this company in our town isn’t such a great thing;

Smithfield Foods Inc said on Wednesday it will pay $83 million to settle litigation that accused several companies of conspiring to limit supply in the $20 billion-a-year U.S. pork market to inflate prices and their own profits.
The settlement with Smithfield resolves antitrust claims by “direct” purchasers such as Maplevale Farms that accused the nation’s largest pork companies of having fixed prices beginning in 2009.


So a company, owned by Communist Chinese Investors who have had to pay fines for EPA and DNR violations, who helped spread Covid in South Dakota, who might of lied about the American supply of pork and now is facing fines for price fixing somehow thinks they are doing us a favor by being here?

Hardly.

If I were in the State Legislature, on the County Commission or City Council I would be working diligently to close this place down.

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