In the face of rising feed costs and tightening credit markets, and in an effort to stem mounting financial losses, the
Officers and top staff with the National Pork Producers Council yesterday met with USDA Secretary Ed Schafer to urge him to take immediate action to address what now is a pork industry economic crisis, which likely will affect the broader
Over the past seven months,
Economists have estimated that the industry will need to reduce production by at least 10 percentto restore profitability. A 10 percent cut would translates to 600,000 sows. But that cutback could have broad-reaching effects such as less-efficient packing plants closing; less manure for crop fertilizer and correspondingly a need for more man-made, foreign-produced fertilizer. It also would cause a hike in retail pork prices because of a smaller supply; and lost pork industry jobs. Other industries that benefit from pork production, such as
During discussions with Schafer – and in a letter presented to the secretary – NPPC President Bryan Black, a pork producer from Canal Winchester, Ohio, requested that USDA purchase an additional 50.5 million pounds of pork for various federal food programs. This would reduce the
To read the letter to USDA Secretary Schafer, visit NPPC’s Web site at www.nppc.org.
Source: National Pork Producers Council