Gov. Jay Nixon’s veto of two agricultural bills could complicate Shuanghui International Holdings’ $7.1 billion acquisition of Smithfield Foods, Inc., the world’s largest pork producer.
Senate Bills 9 and 342 would have eliminated a total ban on foreign ownership of Missouri farmland, allowing foreign entities to own as much as 300,000 acres. But Nixon shot down both bills, saying they weren’t properly vetted or publicly debated.
Smithfield, which owns Missouri’s largest hog producer, Murphy-Brown LLC, issued a statement saying it doesn’t view the vetoes as an obstacle to its merger.