Edward James Smith, 82, a retired vice president of Meadow Gold Products who had been a grain and tobacco farmer in Prince George's County since 1929, died Dec. 24 in the Southern Maryland Hospital following surgery for a bleeding ulcer. He lived in Croom, Md.

He worked for Meadow Gold, a division of Beatrice Foods, for 31 years before retiring in 1959. Since that time, he had been a licensed thoroughbred horse breeder and trainer. His animals raced on tracks in Maryland, Delaware, West Virginia, and Pennsylvania, and ran in steeplechases. Mr. Smith participated in point-to-point races.

He was a founding member of the Marlborough Hunt Club, and a member of the Vansville Farmers Club, and the Farm Bureau. He was a member of the board of the Maryland Horseman's Benevolent Protective Association, and the Georgetown Assembly.

Mr. Smith was a native of Riverdale and a 1927 graduate of the University of Maryland, where he was a member of the lacrosse team.

His wife, the former Ann Bowie Watson, died in 1980.

Survivors include two sons, Edward James (Boy), of Washington, and Darnall, of Chevy Chase; five daughters, Stuart S. Graham of Washington, Ind., Eleanor Medill Patterson Smith (Cissy) Millspaugh of Baltimore, and Leslie S. (Chip) Dorsey, Margaret S. (Madge) Yewell, and Frances S. (Franci) Wyrough, all of Upper Marlboro; a sister, Kathleen M. Smith of Riverdale; two brothers, Harry L. and Alfred H. Smith, both of Upper Marlboro; 23 grandchildren, and three great-grandchildren.