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Smithfield Foods Announces $1.3 Billion Sioux Falls Facility

2/16/2026

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Summary

Story summary

Smithfield Foods Inc. plans a $1.3 billion replacement facility in Sioux Falls, South Dakota.
The facility will be built in Foundation Park, with construction set to begin in 2027 and operations in late 2028.
CEO Shane Smith said the investment will modernize operations and boost efficiency.
Mayor Paul TenHaken (Sioux Falls, SD) and Governor Larry Rhoden (SD) called the project transformative and historic for the state.

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Story summary

Smithfield Foods Inc. plans a $1.3 billion replacement facility in Sioux Falls, South Dakota.
The facility will be built in Foundation Park, with construction set to begin in 2027 and operations in late 2028.
CEO Shane Smith said the investment will modernize operations and boost efficiency.
Mayor Paul TenHaken (Sioux Falls, SD) and Governor Larry Rhoden (SD) called the project transformative and historic for the state.