immediate release -- November 13, 2000.
Contact Bob Brammer, 515-281-6699
Iowa Attorney General Tom Miller
on Planned Smithfield-IBP Merger
is a comment by Tom Miller, Attorney General of Iowa:
"I am very concerned
about plans to merge Smithfield and IBP, the nation's number-one and number-two
pork processing companies.
merger raises very important issues of competition and concentration in
agriculture. We will investigate this situation in cooperation with other
states and the U.S. Department of Justice.
"We already have
seen rapid and extraordinary concentration in many sectors of U.S. agriculture,
and this focuses the issue even further. The proposed merger poses serious
questions for pork producers about the marketing of their hogs, and for
consumers who buy pork products in the marketplace."
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