SwineCast 0429 Show Notes:
Industry buzz on the Producer Retirement Program continues. This question and answer portion from the first webinar presented on June 9th walks thru questions from producers and allied industry members. Answering are AgStar's Mark Greenwood and PRP Chairman Chuck Wirtz.
Time with Steve Meyers as we look at the industry response to H1N1 and learnings in preparation for a future of immediate media worldwide
Economist Dr. Steve Meyers discusses recent events and their impact on our industry as well as factors we may need to implement, to return to operating in the black. Meyers examines current issues that are working against us, such as the misnaming of the H1N1 virus, increases in grain costs, declining export markets, and near record sow numbers. Immediate solutions lie in production decreases through culling sows and liquidating farms. Also conversed are the long-range keys to our success, which are currently unfolding, and the potential impact from a future, poor grain crop.
A unique buyout program is presented by independent pork producers Chuck Wirtz and Brad Freking. The Producer Retirement Program is entirely run by pork producers and is designed to reduce sow populations and industry losses.
Swine producers will have the option of voluntarily buying into a co-op and bid a premium which is paid per each sow that is sold. Reductions may include all or a portion of a herd.
Two of the caveats include prohibited use of sow reproduction facilities and a two-year moratorium on repopulation. For the full story, click here.
While some foreign markets have been reopened, hog price increases have offset expenditures, the media’s exacerbation of H1N1 is slowly moving behind us, and the economic outlook won’t be as optimistic as desired.