Ontario Agriculture

The network for agriculture in Ontario, Canada

HOG LOANS DO NOT WORK

I am wondering if I am the only one that has realized that the government backed loans are not going to work for the vast majority of hog producers. What needs to be done to get our governments to understand the real issues that are affecting this industry at this time. What do we need to do to unite our industry and get everyone fighting for our cause before there is nothing left to fight for. Comments please.

Views: 805

▶ Reply to This

Replies to This Discussion

Permalink Reply by kevin brady on November 17, 2009 at 4:02am
Nothing works without higher prices More loans only dig the industry in deeper unless we have a statagy toget more $ per head. Can we build a Ontario industry without a made in Onraio premium or goverment cost of production insurance.
Permalink Reply by rein minnema on November 17, 2009 at 5:01pm
How about we study the new proposed Quebec pork board structure.
Permalink Reply by pigsrgr8 on November 18, 2009 at 3:25am
Is there any information on the Quebec proposal?
Permalink Reply by Wayne Black on November 19, 2009 at 3:53am
Right from the start of this "loan program" we have stated that this is the wrong direction. If you can afford the loan go to the bank. If you can not afford the loan - you are the person that needs help financially. Already stretched to the max on operating loans and mortgages - then being told here is another loan... imagine my first response. Something about nutrient management.
From October 14th Huron Expositor "But Black says many pork producers are already over-extended with loans and mortgages and the idea of paying back another loan may turn them off the program. "
In the past month I have seen the hog industry come together with other sectors like never in recent history. Hopefully in the next couple weeks we will see some light at the end of the tunnel.
Permalink Reply by pigsrgr8 on November 25, 2009 at 9:33am
Maybe we need a rock star to sing a song like Neil Young's Farmer's Song.

Permalink Reply by Joe Dales on November 27, 2009 at 4:44am
I had this news sent to me on the program.

Joe




Canadian Hog Industry Loan Loss Reserve Program Applications Picking Up

Farmscape for November 26, 2009 (Episode 3361)

Farm Credit Canada reports the pace of applications for loans under the new Canadian Hog Industry Loan Loss Reserve Program is picking up.

The Loan Loss Reserve Program is part of a three tier Canadian pork industry restructuring plan.

It provides participating financial institutions guarantees on loans to allow producers to restructure short term debt.

Farm Credit Canada senior vice president portfolio and credit risk Remi Lemoine says it's still too early to estimate how many producers will qualify.


Clip-Farm Credit Canada-Remi Lemoine:
The primary thing we're looking at is the longer term viability, is there ability to pay back the debt.

We're not as interested in things like security given the backing provided by the federal government but one of the criteria is that there has to be some hope of success even with the program and so basically it's a longer term analysis of the cash flow.

We're trying to take a longer term look at the prices and the costs.

We can't base it on what's happened over the past couple of years so, based on that criteria, we've been starting to move the applications through.

For our existing customers it doesn't take that much time to get it out the door because most of their legal and administration stuff is set up.

We're getting quite a few new customers from other financial institutions applying and in those cases we're starting from scratch and there's legal work to do and that sort of thing but it'll go as quick as we can get it out.


Lemoine says interest rates are based on past performance and repayment history and have ranged from three and a quarter to as high as seven percent averaging from four to five percent.

He points out, even prior to the introduction of the new program, FCC had been working with clients in the pork industry and over the past two years had adjusted payment schedules on about 20 percent of existing loans.

For Farmscape.Ca, I'm Bruce Cochrane.

*Farmscape is a presentation of Sask Pork and Manitoba Pork Council
Permalink Reply by OntAG Admin on December 18, 2009 at 5:21am
Loan Loss Reserve Program Loan Uptake Slow

Farmscape for December 17, 2009 (Episode 3377)

The Canadian Pork Council reports uptake of loans under the Canadian Hog Industry Loan Loss Reserve Program has been slow.

The Loan Loss Reserve Program, offered through Canada's financial institutions, is part of a federal hog industry restructuring plan and allows producers to consolidate and extend repayment of existing debt.

The Canadian Pork Council is surveying producers about their experiences with the program.

CPC public relations manager Gary Stordy reports there is still a lot of unanswered questions.


Clip-Gary Stordy-Canadian Pork Council:
At the end of the day it appears that this program, even though it was discussed and announced some time ago, the actual implementation of the program may not be as fast as we expect.

Frankly we are hearing, we can't substantiate this, is that producers are not asking for the program and that's concerning.

We'd like to get a handle on that.

We'd like to know, if that's the case, why aren't they asking for the program?

We're getting a number of feedback from the banks that this is a good program, it's going to work, just give it some time.

The difficulty we have is that frankly time might not be an option for some producers who have to make decisions and at the same token if producers are not asking for the program or talking to their financial institutions about the program that has to be dealt with also.

What we are getting back as some information is that there's some concerns about eligibility, certainly equity questions, whether producers have enough equity may be a barrier.

We would encourage producers to, frankly, negotiate with the financial institutions regarding the interest rates and work with the program.
Permalink Reply by rein minnema on December 18, 2009 at 12:33pm
First of all I want to say we have a good home based industry with high standards. However when situations like the H1N1 come around the corner at a time when the markets was to improve everything falls in pieces.We have the high $$ we have interprovincial trade issues,on top of that a declining meat consumption.Pressure on the feed prices related to the green energy policies. This all together is the root of our problem and sure is creating a mess and I would say a crisis. A situation that has all the reason to call for help. As farmers feeding the world, the world has a duty to look after their farmers. It is for these reason that I find the position our provincial and federal elected officials have taken unacceptable. It seems to be that the auto motive industry has more cloud than the people feeding the people and that is a problem. to overcome this we have to unite we need to stand together we need a united strong structured pork board.
Permalink Reply by Joe Dales on December 26, 2009 at 1:03pm
This was posted by another person in the blog area....it belongs here in the chat discussions. Thanks, Joe

I understand that the CPC is frustrated about the fact that this program is not flying,
My understanding is from what I hear is that the industry is cash strapped and and does not need more loans after all these years of losses.
Permalink Reply by rein minnema on December 29, 2009 at 3:41pm
I agree the industry is Cash strapped and new loans are not The Answer.

▶ Reply to Discussion

RSS

Agriculture Headlines from Farms.com Canada East News - click on title for full story

AFSC Extends Seeding Dates in Parts of Alberta After Wet Spring Delays

Agriculture Financial Services Corp. (AFSC) is extending recommended seeding dates and crop insurance deadlines for several crops in parts of northern Alberta following an unusually wet and prolonged spring that has delayed field operations across the province. The changes apply for the 2026 growing season only and affect the North East, North West, and Peace regions. Above-average snowfall in April, lingering winter conditions, and continued rainfall through May have created excessive soil moisture in many areas, particularly across central, eastern, and northern Alberta, AFSC said in a release Monday. The wet conditions have slowed seeding progress and raised concerns that many producers may struggle to plant crops within the timelines required under AFSC’s crop insurance program, the release said. Crops with normal seeding deadlines between May 25 and June 1 were considered especially vulnerable to delays if rainy weather persists and fields remain inaccessible, it added. AFSC

Saskatchewan Producers Seek Clarity on Crop Insurance as Seeding Delays Persist

The Agricultural Producers Association of Saskatchewan (APAS) says it is working with the provincial Ministry of Agriculture and the Saskatchewan Crop Insurance Corporation (SCIC) to provide producers with clearer guidance on crop insurance coverage as cold and wet conditions continue to delay spring seeding across the province. Saskatchewan seeding progress remains well behind normal levels. As of May 18, provincial planting was estimated at 29% complete, well behind 72% at the same time last year and the 10-year average of 52%. Progress has been especially slow in northeastern and northwestern regions, where wet field conditions have limited operations while recommended seeding dates continue to approach, said an APAS release Tuesday. SCIC recently issued additional guidance confirming that crops remain insurable up to the final seeding deadline of June 20. Losses that are not related to the seeding date, like drought, disease, wind, and hail, are all insured. However, SCIC also

Canadian Farm Income Falls Again in 2025 Despite Record Cash Receipts

Canadian farmers recorded another difficult year for profitability in 2025, as rising expenses and relatively flat crop returns offset a strong performance from livestock. New figures released by Statistics Canada Wednesday showed realized net farm income slipped 0.3% to $8.3 billion in 2025. The modest decline follows on the heels of a much steeper 33.9% decline in 2024. Excluding cannabis, however, 2025 realized net farm income rose 9% to $9.6 billion. Realized net income measures the difference between farm cash receipts and operating expenses, adjusted for depreciation and income in kind. While profitability remained under pressure, Canadian farm cash receipts topped $100 billion for the first time since Statistics Canada began collecting the data in 1926. Total receipts climbed $4.5 billion or 4.7% on the year to a record $102.2 billion in 2025, led by strong gains in Ontario and Alberta. Livestock markets were the main driver behind the increase. Total livestock receipt

We'll 'start letting people go,' racetrack says if Ontario funding doesn't come through soon

The Fort Erie Race Track, which has employed locals for generations, fears it will have to lay off staff if provincial funding delays persist. “If we can’t get those purses up, if we can’t get horsemen … we have to start letting people go if we can’t keep the lights on,” James Culic, Fort Erie Race Track’s communications manager, told CBC Niagara. No immediate job is at risk, Culic says, but next year's budget may mean a different story. “We’re in a very tight spot," he says. The historic racetrack says the annual funding from the province, $35 million total across Ontario, has helped create summer jobs and fund purses — prize money distributed to groomers, trainers and owners of winning racehorses — in the last decade. Culic says the Ontario government is not the problem. In fact, he says they have been financially supporting the racetrack with recuperating revenue loss from slot machines that were removed in 2012. For this year, “everything was lined up with Ontario Racing and O

Experimental farm in Chatham-Kent celebrates its first harvest

The Ontario FangZheng Agriculture Enterprise has harvested its crop of medium-grain rice The Ontario FangZheng Agriculture Enterprise celebrated a milestone Friday, with producers harvesting the farm's first crop of medium-grain sticky rice. Farm manager Wendy Zhang said the experiment was a success, describing the harvested rice as "perfect." "We didn't get any disease or pest problem this year," she said. "The yield should be good — not excellent — because we still do not apply too much fertilizer."FangZheng relied on equipment supplied in part by Tri-Hark Farms to harvest the rice crop. Jim Hawkins, co-owner of Tri-Hawk Farms, said the rice crop looks promising. Despite the farm's successful harvest, John Zandstra, a professor of fruit and vegetable cropping systems at the University of Guelph's Ridgetown campus, explained that there's still quite a bit of work ahead for the initiative. New rice varieties, different planting methods, as well as different crop management strate

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service