Smithfield Embodies China’s Record Hunger for Farms

Smithfield Embodies China’s Record Hunger for Farms

Paulo Fridman/Bloomberg

China’s push to secure more foreign agricultural assets followed a surge in global food prices in 2007 and 2008. With 20 percent of the world’s population and just 8 percent of its farmland, China needs to spend $861 billion developing its farm sector through 2050 to produce crops and livestock to feed its people, the United Nations estimates.