Farm Credit offers flexibility to struggling hog farmers

Farm Credit offers flexibility to struggling hog farmers

winnipeg / reuters / Farm Credit Canada, the country’s largest farm lender, says it is willing to adjust or defer loan payments for struggling hog farmers.

The lender said it will contact all of its hog-farming clients and help them find ways to deal with a “short-term cash flow problem.”

A severe drought in the U.S. has sent feed grain prices soaring and pushed North American hog farmers into steep losses. The problem is compounded as hog farmers reduce the size of their herds, creating a glut of pork and pressuring hog prices.

Farmers complain that lenders have reduced the availability of credit, which they say they need to stay in business into next spring when hog prices are expected to rebound.

In August, BMO Financial Group said it would offer U.S. and Canadian farm customers drought relief, such as more access to capital, fee concessions, working lines of credit and loan deferrals.

Comments invited on mink code of practice

The Canada Mink Breeders Association (CMBA) and the National Farm Animal Care Council (NFACC) say the draft code of practice for the care and handling of mink is now available for public comment until Dec. 7.

The draft code can be viewed and submissions made through NFACC’s website at www.nfacc.ca/codes-of-practice/mink.

In a release, the organizations said anyone can provide comments and suggestions on the code, but all submissions must be made through the online system and follow the instructions provided.

A scientists’ committee report on research related to mink welfare is also available on the website.

The mink code development committee is comprised of producers, animal welfare and enforcement representatives, researchers, veterinarians and government representatives. The code covers housing, food and water, care and supervision, biosecurity, euthanasia, transport and other management practices for mink in Canada.

Comments

explore

Stories from our other publications