The Bush Administration has elected to assist
The National Pork Producers Council representatives had met recently with USDA Secretary Ed Schafer to urge him to take immediate action to address a crisis that during the past seven months has cost the pork industry more than $2.1 billion. Due mostly to a doubling of feed costs, producers have lost $30 to $50 on each hog marketed over the last 30 days.
“The action by USDA to buy additional pork will benefit
In the meeting with Secretary Schafer, NPPC requested the purchase of an additional 50.5 million pounds of pork – in 2007 it bought 43 million pounds – for various federal food programs. The equivalent would be a reduction of the
Further, organization also asked that the secretary to implement emergency programs and loan guarantees to help producers purchase feed, consider allowing early release without penalty of non-environmentally sensitive Conservation Reserve Program acres back into crop production and support pork exports through USDA’s Market Access Program and Foreign Market Development Program. Those measures are still up in the air.
Source: National Pork Producers Council