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: 785

▶ 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

U of G Researcher Receives Funding to Develop More Sustainable Wheat

A University of Guelph researcher has received government funding to help Canadian farmers grow wheat using fertilizer more efficiently while strengthening soil health and the wheat microbiome.  

Will the Iran War Make Already High Food Prices Worse? | OPINION

Food prices in Canada have been rising at a faster rate than overall inflation for the past several years. In fact, food prices are 30 per cent higher than they were a decade ago.

Prairie Swine Centre celebrates 35 years of driving innovation

Over that time, the centre has evolved into one of Canada's premier swine research facilities, delivering practical, industry-focused research that strengthens the financial position of pork producers while advancing animal welfare and environmental sustainability across the Saskatchewan and Canadian pork industries. A foundation built on industry partnership The PSC story began in 1980 when the University of Saskatchewan (USask) built the facility for its swine research and teaching program. The original operation consisted of two 100-sow and one 50-sow farrow-to-wean units, a 240-head feeder barn, and a small office and service building. However, it was in 1991 that PSC transformed into the organization it is today. In 1987, USask and the Saskatchewan Hog Marketing Commission partnered to review the centre’s operations. An advisory board including industry representatives from across Western Canada identified two critical needs: increased emphasis on grower-finisher research, and

Investing in Canada: Why Gate Matters

Canada’s cereals sector has earned a global reputation for quality, consistency, and reliability. That reputation was built over generations by farmers, researchers, exporters, and value chain partners working together to deliver premium grains to international markets. But, as global competition intensifies, maintaining Canada’s leadership requires more than tradition; it requires strategic investment. That’s where the Global Agriculture Technology Exchange (Gate) comes in. In our latest video, Gate Capital Campaign member David Hansen explains why Gate is essential to Canada’s future in global grain markets. Gate will provide the modern infrastructure and technical support that global customers expect, giving them the data, unbiased advice, and confidence they need to continue choosing Canadian cereals. Gate connects global buyers directly with Canadian expertise, showcasing the science, innovation, and collaboration behind our wheat and other cereals. By strengthening technical e

Making Every Pound Count: Nutrient Management in Corn

Fertility starts with the soil and the variables that make nutrients available to a growing crop. Know Your Soil Texture Clay – very fine, soils with >50% clay Silt – rock & mineral particles that are larger than clay and smaller than sand. Soils with >87% silt Sand – very coarse, soils with >70% sand Loam – a balanced mixture of clay, silt and sand (approximately 20-40-40) Soil texture determines a soil’s water holding capacity. Sand has low capacity to hold water and low water content at permanent wilting point (~10-15% v/v). Clay loam has a higher capacity to hold water, therefore has a higher water content at permanent wilting point (~15-20% v/v). Nutrient Balance Nutrient balance is vital to soil fertility and crop production. Nitrogen is most commonly the first and most limiting nutrient for non-legume crops, but without an adequate fertility blend with other nutrients, nitrogen use efficiency is not “maxed out” and suffers. A poorly fertilized corn crop uses just a little l

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service