It’s been difficult to attract business and provide more opportunities to some of the more economically distressed parts of Virginia, but there’s hope for those areas through the national tobacco settlement. Although the money is being applied to areas within the Commonwealth’s tobacco region, HOW it's being applied will directly impact surrounding areas and indirectly boost the state's economy.
Virginia may not be the first place that comes to mind as a winemaking region. But it is, in fact, the sixth largest wine producer in the country. Vintners here would like to see even more growth in the field.
The Chesapeake Bay watershed spans six states and the District of Columbia. Within this watershed are several large cities, including Cooperstown, N.Y.; Harrisburg, Pa.; Baltimore, Md.; Washington, D.C.; and Norfolk, Richmond and Charlottesville, and the bay supports more than 2,700 species of plants and animals.
Smithfield Foods is being sold to China’ s largest pork producer.
Saying it’s a great day for American farmers, Smithfield Foods President and CEO Larry Pope has announced his company is being sold to Shuanghui International Holdings Limited, China’s largest meat processing enterprise and largest meat trading company. It’s believed to be the largest takeover of an American company by a Chinese one. The purchase price is $4.7 billion.