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New Program Available for Hog Producers | |
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From the Oct 5, 2009 Broadcast of Call of the Land | |
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| | Beginning this week, hog producers can start applying for government-backed loans. Applications will also be available for the Hog Farm Transition Program. Starting today, many financial institutions, including Farm Credit Canada, will be ready to work with pork producers to develop long-term business plans and deliver government-backed loans. Producers can check www.agr.gc.ca/HILLRP to find out which institutions are currently participating. The commercially based loans will be negotiated for each specific farm operation and based on viable business plans. The idea is that by using government-backed loans, Canadian pork producers will have better access to credit and the opportunity to restructure for the long term. Ottawa and the Canadian Pork Council are also partnering to deliver $75 million through the Hog Farm Transition Program. The Canadian Pork Council will have registration forms for the program available to producers on Thursday, October 8. The program will be retroactive to April 1, 2009, meaning producers who depopulate their barns prior to applying for the program will still be eligible. Applications will be based on a tendering process that allows producers to bid for the amount of funding they require to take their barns out of operation for at least three years. Producers will be able to visit the Canadian Pork Council’s web site www.cpc-ccp.com for the most up-to-date information and registration forms on Thursday, October 8. Jurgen Preugschas, chair of the Canadian Pork Council says these are important programs, one which will allow producers to access credit they need to manage through the current difficulties, the other which will provide assistance to set aside production.
The preceding is a transcript of the October 5, 2009 program. There may be some omissions due to last minute changes. For further information, contact Caitlynn Reesor at 780-422-3981 or Ken Blackley at 780-422-3951. Click here to view the latest Call of the Land. |
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For more information about the content of this document, contact Caitlynn Reesor.
This document is maintained by Rita Splawinski.
This information published to the web on October 5, 2009.
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