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: 802

▶ 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

$15.1M to Scale Whole-Cut Plant-Based Protein

A $15.1 million investment led by Protein Industries Canada will scale a breakthrough manufacturing platform for whole-cut protein alternatives, strengthening Canada’s food system and creating new value for Canadian-grown crops.

Syngenta Canada names Matt Legg as head of professional solutions

Syngenta Professional Solutions North America and Syngenta Canada have named Matt Legg as head of Syngenta Professional Solutions (SPS), Canada, effective June 1, 2026. In his new role, Legg will lead the Canadian SPS business and be responsible for driving strategy, customer success, and portfolio growth across the Canadian market. "Matt is a customer-focused, solutions-oriented leader with deep technical expertise and a genuine passion for the professional solutions industry," says Dave Ravel, Head, Professional Solutions, North America. "His ability to connect technical knowledge, market insight, and commercial priorities has consistently delivered meaningful value for our customers. Matt's strong industry background and proven leadership make him exceptionally well positioned to guide our Canadian SPS business into its next chapter." Legg brings more than 25 years of experience in the turf industry, including five years of dedicated SPS experience with Syngenta, to this leadershi

Ag Canada Bumps New-Crop Canola Ending Stocks Estimate Higher

Agriculture Canada has raised its 2026-27 canola ending stocks forecast from last month, although the outlook is still tight overall. In updated monthly supply-demand estimates released late Thursday afternoon, new-crop canola ending stocks were pegged at 1.319 million tonnes, up from the April estimate of 1.064 million but still well below the slightly downwardly revised 2025-26 ending stocks of 2.72 million. Even with this month’s increase, projected 2026-27 canola ending stocks would still be the lowest in 10 years, Ag Canada said. The higher new-crop canola ending stocks estimate is due to a 300,000-tonne reduction in this month’s export forecast, which falls to 7.5 million tonnes. The 2026-27 canola crush forecast of 13 million tonnes was left unchanged from April but remains a new record high. In its accompanying commentary, Ag Canada did note that seeding of the 2026 canola crop is off to a slow start in some parts of Western Canada due to cold and wet conditions, but i

Seeding progress made, despite mixed precipitation

Seeding is muddling along as 29 per cent of the provincial crop has been planted so far, according to the latest crop report from the Saskatchewan Ministry of Agriculture. While it's up from 16 per cent last week, it's really behind the five year average of 55 per cent and the ten year average of 52 per cent. Crop Extension Specialist with the Ministry of Agriculture Davidson Ugheoke says farmers in the south made the bulk of progress with the southwest at 55 per cent complete and the southeast at 41 per cent complete. The west-central region is at 30 per cent, the northwest 16 per cent, the east-central at 11 per cent and the northeast is still lagging behind at just three per cent complete. "A couple of my colleagues drove around the province, (and) you could see some action in some places, so by this time next week, I think we should have significant numbers up." said Ugheoke. A weather system last week brought strong winds and mixed precipitation through the province, with som

U.S. flour consumption continues long slump

Flour consumption continues its decades-long slide in the United States, according to a new report. Per capita wheat flour consumption fell to 126.6 pounds in 2025, continuing a trend that started around the turn of the century, according to the Wheat Sector at a Glance report produced by the U.S. Department of Agriculture’s Economic Research Service. That is well below the 146.4 lb. of wheat flour consumed per person in 2000. That is not great news for Canadian farmers. The U.S. was Canada’s fourth largest wheat market from 2021-25 , accounting for an average of seven per cent of sales. Jane DeMarchi, president of the North American Miller’s Association, said there are several reasons why consumption has tumbled. It began with the widespread adoption of low-carbohydrate diets, such as the Atkin’s Diet. The rise of the gluten-free movement exacerbated the problem. There was a brief reprieve from the downward trend during COVID-19, when people started eating comfort food at home

© 2026   Created by Darren Marsland.   Powered by

Badges  |  Report an Issue  |  Terms of Service