PSF: Investing in Our Future--Fall/Winter 2010 Edition

For many years, Smithfield Foods and our subsidiaries have focused on enhancing the educational opportunities of students who live in the communities where we operate. This past October, Premium Standard Farms in Missouri demonstrated their commitment with a $500,000 donation to local school districts as part of an agreement with the Attorney General of Missouri.

The funds were distributed to five local counties, and were divided among school districts in those areas according to the county's discretion. Eight of the school districts have shared their plans for the monies. Some will use it to reduce class size, some to reduce budget deficits, or to complete various unfinished projects. "The donation from PSF gives us an opportunity to look at projects we may not have otherwise been able to consider," said one superintendent. One school district even noted that the funds would mean the difference between a negative and a positive balance sheet this year.

Like the rest of the nation, Missouri school districts have undergone severe budget cuts in the past few years, due to the economic recession. Many are finding it tough to provide students with the quality education they deserve in light of these cuts. One school district superintendent stated, "The donation is very much appreciated during these unprecedented and difficult times for school funding." That's why our commitment to promoting a better education for students in our communities is so crucial. We can make a difference for these students, and as a large corporation, we have a responsibility to do so. Premium Standard Farms is setting a great example of partnering with their community to provide a better learning environment for their local students.