Chloe Sorvino leads coverage of food and agriculture at Forbes, and writes the newsletter Fresh Take. Her book Raw Deal: Hidden Corruption, Corporate Greed and the Fight for the Future of Meat published on Dec. 6th, 2022 with Simon & Schuster’s Atria Books.
Keep on Trucking: “There is no IPO. We’re not for sale,” says Brad Clemens of his family pork busine...Keep on Trucking: “There is no IPO. We’re not for sale,” says Brad Clemens of his family pork business. “It’s about building value long-term.”Clemens Food Group, one of America’s largest pork producers, is now in its sixth generation of family ownership and leading the way in humane practices. And the strategy is bringing home the bacon.
Farm Team: Clemens employees in the 1940s with founder John C. Clemens , whose early slogan was, “Never an empty wagon."While the family bacon may sizzle in the kitchen, margins in the industry do not. Clemens and its competitors have struggled during a recent dip in pork commodity values. Clemens’ operating annual profit margin is an estimated 5%—on par with U.S. turkey and pork producer Seaboard at 5% but less than the 8% of Smithfield’s Hong-Kong-based-owner WH Group.
Every year, Clemens raises 2.7 million hogs, from an additional 110,000 sows under Clemens subsidiary Country View Farms. The rest of its annual 1.6 billion pounds of pork comes from a network of 20 family farms from Indiana, Ohio, Michigan and North Carolina. Revenue peaked and profitability dipped. During the downturn, Brad Clemens’ father, Thomas, left as the business brought in new blood. As a high school student, Brad realized he shouldn’t count on the family business for a career, so after attending Bucknell undergrad, he enrolled at Villanova to become a lawyer.
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