News - Economy

The Government of Canada is investing in new processing technologies and projects that will create new, more stable markets to improve income opportunities for farmers and the processing sector.

Officials of the Prairie Swine Centre are confident the sale of the PSC Elstow Research Farm will create new opportunities for collaborative research.

Farm Credit Canada says action to halt the rise of the value of the Canadian dollar would be welcomed news for Canada’s red meat sector.

A U.S. based agricultural economist is confident, despite the current economic squeeze, the long term outlook for North American pork production remains positive.

The Saskatchewan Pork Development Board expects the benefits of a federal pork industry restructuring plan to spin throughout the provincial economy.

The Government of Canada is delivering a comprehensive restructuring plan for pork producers by investing in key marketing initiatives to get more customers buying Canadian pork, providing government-backed credit to help viable operations weather the current economic uncertainty and helping struggling operations to transition out of the industry.

Des Moines, Iowa based Paragon Economics is projecting deeper cuts to the North American sow herd as producers respond to increased feed costs and the recent large sell-off of lean hog futures.

The 64th Annual Meeting of Midwestern Legislators was dominated by discussion on the economy and trade said Steinbach MLA, Kelvin Goertzen, who was one of the Manitoba delegates to attend.

Farm Credit Canada says is encouraging pork producers to maintain close contact with their lenders as they consider options for addressing an ongoing economic squeeze.

The U.S. based National Pork Producers Council is denouncing a request by Canadian pork producers for a government backed Canadian Hog Industry Strategic Transition Plan.