A senior lawmaker on the House Foreign Affairs Committee is urging the Trump administration to investigate potential national security risks associated with JBS’s attempt to list shares on the New York Stock Exchange.
Representative Joe Wilson (R-SC) says the meat processor’s long list of criminal investigations in the U.S. and Brazil should raise alarm. The allegations include bribery, price fixing, and the purchase of illegally sourced cattle from the Amazon.
JBS is currently finalizing its listing plan, which will be determined by shareholders. It could be on the NYSE next month.
JBS is the world’s largest meat processor.
Related Stories
Today, the Breugmans grow wheat, canola, and hay and raise cattle in their century-old ranching operation in Grangeville, Idaho.
Mike Vanmaanen, president of the Livestock Marketing Association, joins us Friday on the Market Day Report for a closer look at the Heritage Act.
“I’ll say first and foremost, we need to make sure that the crop insurance system is not conflicting with these good farming practices.”
The Virginia Farm Bureau shows us how robotic milking technology has become a lifeline to the Commonwealth’s dairy industry, increasing production efficiency in the face of low milk prices and rising labor costs.