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HELP FOR PORK PRODUCERS

Released on November 6, 2002

The provincial government has established a Short-Term Hog Loan program to

help Saskatchewan pork producers hit hard by low prices and high feed

costs.



"I am pleased to announce this program in response to the needs of

Saskatchewan's hog industry," Deputy Premier and Agriculture, Food and

Rural Revitalization Minister Clay Serby said.



"This short-term program will help us maintain our hog industry and

continue with plans to grow the industry in the long-term, while providing

producers with up to $26 million in loans to help them through the current

low price/high feed cost situation."



When hog prices are below $145 per hundred kilograms, the program will

provide a loan - of the difference between the average market price and

$145/ckg - to a maximum of $50 per hog marketed. Weanling producers will

also be eligible for loans up to $10 per weanling while the average market

hog price in Saskatchewan is below $145/ckg.



"The long-term profitability of hog production in Saskatchewan, and the

environment for creating jobs and opportunities in rural Saskatchewan,

remains strong," Serby said. "Our government is pleased to show our

ongoing support for Saskatchewan's hog industry and for our rural economy."



The 2002 Short-Term Hog Loan Program is similar to a program delivered by

the provincial government in 1998/99, which helped pork producers address a

similar market downturn.



Application forms will be available in early December. In the meantime,

producers can call toll-free 1-877-874-5365 for further information.



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For more information, contact:



Scott Brown

Agriculture, Food and Rural Revitalization

Regina

Phone: (306) 787-4031

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