The Canadian government has approved a government-backed restructuring plan for the country’s pork producers, according to ThePigSite.com. The plan includes marketing initiatives to increase pork consumption by Canadian consumers and government-backed credit programs for the country’s pork industry.
Canada’s pork producers have lost money for about three years due to high feed costs and unfavorable monetary exchange rates. The Canadian government’s move is controversial among the U.S. pork industry. (See news item on Porkmag.com.)
According to Jurgen Preugschas, Canadian Pork Council, the government assistance is welcomed by the country’s pork producers. Canada’s pork industry has reduced its sow herd over the past three years and Preugschas believes the U.S. pork industry now needs follow Canada's lead in terms of reducing production.