Smithfield Foods Inc. announced the closure of a pig farm in California due to the exorbitant cost of doing business in Golden State.
Smithfield Foods, Inc., which was acquired by Chinese pork producer WH Group in 2013, said in a press release Friday that it would cease “all selection and processing operations” at its Vernon plant in the US early next year. California. Cost of utilities in California compared to factories in other states “3.5 times more per capita for pig production”, Wall Street Magazine This was announced by a representative of the company.
“It’s getting harder and harder to work effectively out there,” Smithfield spokesman Jim Monroe told the broadcast. “We are committed to reducing costs and making food affordable.”
According to the report, Smithfield is also considering moving away from its farms in California and Arizona and aims to reduce the number of pigs in Utah.
In the release notes, “Smithfield is taking these steps because of the rising cost of doing business in California.”
According to the agency, the Vernon factory has about 1,800 employees. magazineand Smithfield said “provide transition assistance to all affected employees. “Employees are given options to move to new facilities.”and sustainability incentives to ensure business continuity until early next year,” Smithfield said.
Smithfield and several unions have recently come to an agreement as part of a plan to shut down the factory.
“We are grateful to our Western team members for their dedication and invaluable contribution to our mission,” said Brady Stewart, Chief Operating Officer. “We are committed to providing financial and other transition assistance to employees affected by this difficult decision.”
Earlier this month, Breitbart News reported that rising farm inflation is increasing the cost of production for farmers:
The index of goods and services, interest, taxes and wage rates paid to farmers in April increased 1.0 percent compared to March 2022 and 14 percent compared to April 2021. Higher prices in April for whole feed, other services, nitrogen and coarse grains more than drive lower prices for finishers, LPG, fuel and additives.
Higher spending weighed on spending on agricultural products when the April “agricultural price index” was 5.1 percent higher than March and 28 percent higher than in April 2021. Between April 2021, poultry and egg production increased by 94 percent and increased by 40 percent annually. and April 2022.
Source: Breitbart
