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.