Premium Standard Farms - History

History

  • 1988 - Premium Standard Farms founded
  • 1989 December - First litter of seven gilts and four barrows born on Wiles farm
  • 1994 June - PSF acquired National Hog Farms of Texas
  • 1994 September - Construction of first processing plant in Milan, Missouri, complete
  • 1994 September - 80,000 sow units completed in Missouri
  • 1996 - Company emerged from restructuring after market volatility
  • 1998 May - PSF merged with ContiGroup’s north Missouri swine operation which added 25,000 sows to the company’s herd.
  • 1998 December - PSF is the first pork producer to earn Process Verified accreditation from the United States Department of Agriculture
  • 2000 August - PSF purchases the Lundy Packing Company and ContiGroup’s Carolina Farms
  • 2003 April – PSF and Johnsonville Sausage form Oldham LLC, a joint venture to produce sausage products
  • 2005 August - Initial public offering, NASDAQ: PORK
  • 2007 May – Smithfield completes Premium Standard Farms acquisition
  • 2010 March – Missouri jury awards neighbors for damages from the odor of the Gentry County farm—the largest such award in such cases. Premium says it will appeal. On March 3, 2010, a Jackson County, Missouri, jury awarded seven neighboring farmers $11 million in damages for odors emanating from a 4,300 acre 80-acre (320,000 m2) finishing farm near Berlin in Gentry County, Missouri where an estimated 200,000 hogs a year. In 2006, six plaintiffs were awarded $4.6 million. The settlement was the largest in a hog farm odor issue. It was filed in 1999.

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