Premium Standard Farms was the second-largest pork producer and the sixth-largest processor in the United States until Smithfield Foods acquired it in 2007.
[4] PSF was founded in 1988 in Smithfield, Virginia,[5] with the aim of creating a standardized method to produce premium pork.
To accomplish this goal, the company decided to pursue full vertical integration—a first for pork producers in the United States.
[citation needed] In 2007, Smithfield acquired Premium Standard Farms for $800 million in cash, stock, and debt.
This money will be used to expand Monarch's renewable natural gas capture and distribution to at least 85% of Smithfield's Missouri farms.