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Farm Press Release

For immediate release - Monday, November 13, 2000.
Contact Bob Brammer - 515-281-6699.

Comment: Iowa Attorney General Tom Miller on Planned
Smithfield-IBP Merger

Following 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.

"The planned 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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