Saskatchewan pork producers now have access to AgriStability Targeted Advance Payments, reports Meat International.com. Pork producers can now receive a TAP of up to 75 percent of their estimated 2009 AgriStabilty payment.
According to Canada’s Federal Agriculture Minister Gerry Ritz, "We are committed to working with the hog industry and the province to help them weather this storm. Targeted Advance Payments are one way pork producers can get immediate access to cash flow to help them address this difficult financial situation."
"Due to a number of factors, the pork industry in Saskatchewan continues to face financial pressures," Saskatchewan Agriculture Minister Bob Bjornerud says. "I hope these targeted advances will help pork producers access cash flow to address their immediate needs."
"As we all are aware, Saskatchewan pork producers have been suffering significant financial losses over the last three years," SaskPork President Joe Kleinsasser said. "While the AgriStability program is in place to assist in covering the negative returns, payments are often a year or more after the financial loss has occurred.”
Source Meat International.com