The process of allocating residual funds of the Hog Farm Transition Program to producers who bid in the fourth tender but were unsuccessful continues.
Any residual funds and funds previously allocated to producers who have since decided not to participate in the program is being used to honour bids next in line from the results of the fourth tender.
Of the $75 million program, $70,520,980 had been committed to 420 participating producers at the end of the fourth tender. Since then, residual funds have been offered to 50 producers next in line, resulting in a new high of $985.53 per Animal Unit Equivalent.
As producers become eligible to receive these residual funds, they receive correspondence from the program Administrator telling them they have successful bids and are now eligible to receive HFTP payments.
The letter also requires confirmation of participation by a deadline based on the date producers were notified of their eligibility. Producers are requested to contact the Administrator as soon as possible to confirm whether or not they plan to cease production and accept their payment as this process will be repeated for other producers until residual funds have been fully committed.
All barns participating in the Hog Farm Transition Program must be completely empty by March 31, 2011 to comply with program terms and conditions of the contribution agreement with Agriculture & Agri-Food Canada.
Ongoing information on the program is available from the Canadian Pork Council at www.cpc-ccp.com, including updated regional summary figures. As the program draws to a close, information will be made public through the CPC website and will also be conveyed directly to provincial member organizations. The program will maintain its monitoring and audit functions to ensure compliance with the program for three years from the time the last barn is empty.
