Pork producers seek additional assistance
OTTAWA, ON. — The Canadian Pork Council (CPC) changed its ask of the federal government on an assistance program.
CPC Chair Rick Bergmann said they requested targeted enhancements to AgriStability which is a move away from what most agriculture groups want.
CPC sent a letter to the federal, provincial, and territorial agriculture ministers asking them to consider leaving the AgriStability payout trigger at 70 per cent but increase the compensation rate to 85 per cent.
Hog producers are experiencing some of the biggest declines the market has ever seen. A June forecast said pork producers will lose $20 per hog for every hog they sell in 2020 while western Canadian producers will likely lose more than $45 a hog compared to the five-year average.
