Canadian pork producers to receive aid

24-12-2007 | |

Federal Agriculture Minister Gerry Ritz announced last week that the Canadian government will grant an additional CAD1b (US$1m) in loans to the struggling pork and cattle producers.

Producers could receive up to CAD400,000 (US$400,900) each. The first CAD100,000 (US$100,183) being interest-free.

The scheme attempts to help pork and cattle producers who have been badly affected by rising feed costs and a strong Canadian dollar and subsequent lower exports.

Some Canadian farm groups expressed concern that more debt isn’t what all farmers need at the present time.

For the latest pig news, subscribe here

More about