Generally speaking, pork barrel politics amounts to politicians trading favors to constituents or special interest groups for political support, often as campaign contributions. Pork barrel spending, better known as earmarks in federal spending bills, have surged in 2018. Who may be profiting this year? Smithfield Foods.
It’s no secret. Pigs poop. A LOT! Now if you live in China maybe that’s not so much of an issue with the mostly traditional-age old way of raising pigs in backyards in relatively small numbers. But if you happen to live in North Carolina it’s a different story altogether.
Private exporters reported to the U.S. Department of Agriculture cancellations of optional origin sales totaling 165,000 metric tons of soybeans for delivery to China during the 2018/2019 marketing year.
As Dave Dickey writes, U.S. grain and oilseed farmers, specialty crop growers and pork producers are hoping that China and U.S. leadership pull back their reins on the potential for a full-blown trade war that could cripple U.S. gross domestic product.