Originally published at: What Brazil’s 'Egg King' Buying Hillandale Farms Means for US Eggs and Freight - FreightWaves
Brazilian entrepreneur Ricardo Faria’s $1.1 billion acquisition of Hillandale Farms continues a troubling pattern of foreign control over critical US food infrastructure. The deal puts one of America’s most transportation-intensive agricultural operations, complete with a 250-trailer fleet serving markets from Maine to the Carolinas, under foreign ownership. Unlike previous high-profile foreign food acquisitions, this major deal has received minimal mainstream attention despite significant implications for supply chains and the 11.27 billion tons of freight moved annually by US trucks.
I wonder how much all the increased regulations over the last fifty years is contributing to all of these formerly top tier American companies to sell out to foreign corporations?