Smithfield is a town in Isle of Wight County, in the South Hampton Roads subregion of the Hampton Roads region of Virginia in the United States. The population was 8,089 at the 2010 census.The town is most famous for the curing and production of the Smithfield ham. The Virginia General Assembly passed a statute defining "Smithfield ham" by law in 1926, with one of the requirements that it be processed within the town limits. Smithfield Foods, a Fortune 500 company that owns Smithfield Packing Company and others, is the world’s largest pork processor and hog producer. The company, based in Smithfield, raises 12 million hogs and processes 20 million pounds of them annually.