The United States Cattlemen’s Association (USCA) has expressed concern with the recent increased investment by Brazilian-owned Marfrig Global Foods in the National Beef Packing Company.
The Brazilian company announced recently that it was raising its stake in the U.S.-based packing company from 51 percent to 81.7 percent.
USCA requests a full and publicly published review of the acquisition from the Committee on Foreign Investment in the United States.
“In short, the growing trend of foreign interests acquiring U.S. agricultural resources jeopardizes the ability of our nation to feed itself,” USCA President Kenny Graner said.
“In our view, this is a direct threat to our democracy.” The association urges Treasury Secretary Steven Mnuchin and his committee to “fulfill President Donald Trump’s campaign promise to put America first” by ensuring the long-term sustainability of America’s agriculture.
