USDA Terminates Chinese-Owned Smithfield Farm Aid Contract

USDA Terminates Chinese-Owned Smithfield Farm Aid Contract
Some of the products of Smithfield Foods are displayed in front at a news conference on WH Group's IPO in Hong Kong on April 14, 2014. Bobby Yip/Reuters
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WASHINGTON—The U.S. Department of Agriculture terminated a $240,000 purchase contract with Chinese-owned Smithfield Foods that had been awarded under the Trump administration’s agricultural trade bailout program, a move taken at the company’s request, a department spokesman told Reuters on Nov. 16.

The move comes weeks after Republican Senator Chuck Grassley of Iowa, one of the country’s biggest farm states and the biggest hog-producing state, slammed Smithfield for receiving what he said was aid from the USDA that was meant to help American farmers hurt by China’s trade tariffs.