Allocation of funds for the Hog Farm Transition Program (HFTP) has been completed effective January 31, 2011.
The Canadian Pork Council estimates the Hog Farm Transition Program has resulted in a ten percent reduction in the national breeding herd.
The Canadian Pork Council is encouraging farmers interested in submitting tenders under the hog farm transition program but who have not yet registered to do so by February 17th.
The Canadian Pork Council has allocated just over 25 million dollars to 145 successful bidders in the third tender under the Canadian Hog Farm Transition Program.
The Canadian Pork Council reports per animal unit payouts in the second round of tendering under the Canadian Hog Farm Transition Program will be very much in line with those accepted in the first round.
The first 10 million dollars have been allocated under the 75 million dollar Canadian Hog Farm Transition Program.
The first tenders under the 75 million dollar Canadian Hog Farm Transition Program are scheduled to be awarded later this week.
To accommodate an unexpectedly large interest in the Hog Farm Transition Program the Canadian Pork Council has extended the tendering deadline for the first round of bidding.
The Canadian Pork Council reports producers from every province have registered for the first round of bidding under the Hog Farm Transition Program.
The first ten million dollars under a program designed to assist hog producers in exiting the industry will be awarded at the end of this month.
