Dairy company Land O' Lakes said Tuesday that it is pulling its support of Republican Iowa Rep. Steve King. "The Land O'Lakes, Inc. PAC has traditionally contributed to lawmakers of both parties that represent the communities where our members and employees live and work and are also on committees that oversee policies that directly impact our farmer owners," the company said in a statement posted on its website. "We take our civic responsibility seriously, want our contributions to be a positive force for good and also seek to ensure that recipients of our contributions uphold our company's values. On that basis, we have determined that our PAC will no longer support Rep. Steve King moving forward." King has come under fire for his inflammatory comments about race and diversity. And his endorsement of Toronto mayoral candidate Faith Goldy, who has spoken of a possible Canadian "white genocide," has drawn scrutiny, according to CNN reports. The Invesco Dynamic Food & Beverage ETF PBJ, +0.81% is down 5.3% for the year to date while the S&P 500 index SPX, +1.59% has slipped nearly 1% for the period.