Brazil’s Big Steak in America
Western AG Reporter
Scandal runs deep in the Brazilian meatpacking industry. JBS SA and Marfrig Global Foods, the world’s top two meat processors, have each been involved in multiple bribery schemes in order to obtain loans. Perhaps more concerning is the fact that these Brazilian companies used “ill-gotten financing to acquire American companies,” according to United States Cattlemen’s Association (USCA) President Kenny Graner.