A Chinese-owned pork producer is eligible for federal payments under President Trump’s $12 billion farm bailout, a program established to help U.S. farmers hurt by Trump’s trade war with China.
Smithfield Foods, a Virginia-based pork producer acquired in 2013 by a Chinese conglomerate now named WH Group, can apply for federal money under the bailout program created this summer, said Agriculture Department spokesman Carl E. Purvis.
JBS, a subsidiary of a Brazilian company by the same name, is also eligible to apply for the federal money. The two companies are the biggest pork producers in the United States, according to the National Pork Board, a quasi-government agency.
The Agriculture Department said in August that, as part of a broader bailout, it will buy $1.2 billion of surplus food from farmers for distribution in food banks across the country, including about $560 million in planned pork purchases. The administration has billed the plan as an effort to shield farmers from retaliatory tariffs from China.