Country 105

 

     
Country 105

Country 105


Agriculture Report

Reaction to Hog Funding

By

Ontario Pork Chair says farmers have a tough decision.


Length:

Hog farmers are now facing a tough decision -- take a long term loan and restructure or completely shut the farm down.

The federal government is offering a 75 million dollar buy-out or long term loans for those who want to stay in the business.

Chair of Ontario Pork Wilma Jeffray from Bruce County says the assistance is welcomed -- but their hands are still tied in a way because of the U-S.

The hog industry has been hammered in recent months by a strong Canadian dollar, high feed prices, new country of origin labelling laws and the fallout from the H1N1 flu virus.

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New numbers reveal farmers planted fewer vegetables this season.

Stats Canada reports that 528thousand acres of fruits and vegetables were planted in the spring of 2009 -- down from the spring of 2008.

Harvesting area is also down 1.3 per cent from the previous year.

More than half of this years crop is expected to reach fresh markets, while the rest will go to processing.

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The bison market continues to remain steady -- but a strong Canadian dollar is putting pressure on margins.

The Canadian Bison Association says prices have remained strong for the most part due to marketers rewarding producer loyalty and quality deliveries.

However, the loonie continues to be a concern.

A higher currency value usually results in a shrinking export market.

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The research manager for Canfax says over the past few years there's been a lot of volatility in the cattle market.

Andrea Brocklebank says there are some key issues that play a role in pricing -- including low market prices and the expectation of higher feed costs.

She adds probably one of the biggest factors now is the drop in overall beef demand with cheaper pork cuts on the market and fewer people choosing to eat out.

 


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