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.



9 comments ↓

#1 Fear & Loathing in Sioux Falls on 06.30.21 at 6:37 pm

“Someday”, the Smithfield site will get a TIF and become the newest hotel/convention center in town. Parts of the former plant will be preserved and integrated into the new hotel/convention center as well. I can even envision the kill room being a part of a five star executive chef’s kitchen. The bone room, where Leroy Anderson once worked, will be divided into individual honeymoon suites. It will have a gubernatorial suite and not a presidential one, too, that is named after George, who once gave his life for this place. A glass plated history center will also display the history of masks and pandemics. But sadly, a place that once had union workers will be replaced by workers who are then non union. What will it be called, however? Bates? Hotel California? Hotel Pettigrew? What about Hotel Hog? That might work at Sturgis time.

#2 D@ily Spin on 07.01.21 at 9:54 am

Macabre. How about only just an empty TIF 6 story parking garage.

#3 Further Fear & Loathing on 07.01.21 at 12:51 pm

I think we already have one of those, so that’s not “Someday”….. (…Well, it kind of is…..)

#4 D@ily Spin on 07.01.21 at 1:16 pm

I doubt there will be another ‘Huether Debacle’ here. The city can’t afford paying to much for land with environmental and title issues. There’s a poor bond rating and lack of an overexerted narcissist ego. Smithfield should stay so that the city won’t do another something stupid.

#5 D@ily Spin on 07.01.21 at 1:24 pm

I liked tearing down the well built baseball stadium better. Then the Canaries will move to Rapid City. How does ‘Black Hills Braves’ sound?

#6 'Woodstock" on 07.01.21 at 1:24 pm

“If they named it: Hotel Phillips….. They’d probably get sued, huh?”

#7 "Woodstock" on 07.01.21 at 1:38 pm

“Say, did you see where the Canaries now play in Gary?”…”(…”Who won?”…. “The Canaries or Gary?”…..)
#WhatsOnFirstWhoseOnSecond?

#8 rufusx on 07.01.21 at 6:07 pm

The proper phrasing is “might have” or “might’ve”. The use of “of” in this and other similar phrasing having to do with the pronounced word with a contracted “have”, does not reflect well on the (mis)user.

Yeah, yeah, yeah. I’m a grammar Nazi. Because as you yourself frequently point out in this blog – “words matter”.

#9 Erica on 07.01.21 at 8:44 pm

Smithfield needs to go. Need more American owned companies in our state, in our country. Time to ditch all the foreign influences & control in our nation.

Also interested in all the big investors buying up homes in the area; how many are from out of state let alone out of the US?