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Available Assistance Programs
There are a number of financial incentive programs available to producers:
CPC Hog Farm Transition Program
Starting Monday, October 5, 2009, many financial institutions, including Farm Credit Canada, will be ready to work with pork producers to develop long -term business plans and deliver government-backed loans. Producers can check www.agr.gc.ca/HILLRP to find out which institutions are currently participating. The commercially based loans will be negotiated for each specific farm operation and based on viable business plans. By using government backed
loans, Canadian pork producers will have better access to credit and the opportunity to restructure for the long term.
The Government of Canada and the Canadian Pork Council are also partnering to deliver $75 million through the Hog Farm Transition Program. The Canadian Pork Council will have registration forms for the program available to producers on October 8, 2009. The program will be retroactive to April 1, 2009, therefore, producers who depopulate their barns prior to applying for the program will still be eligible. Applications will be based on a tendering process that allows producers to bid for the amount of funding they require to take their barns out of operation for at least three years. Producers will be able to visit the Canadian Pork Council’s web site www.cpc-ccp.com for the most up-to-date information and registration forms on October 8, 2009
Download Announcemnt in PDF Format
Updates:
February 17 is final registration deadline for HFTP (Feb. 10, 2010)
Results of the third hog tender released (Jan. 25, 2010)
Reminder of third Hog Farm Transition Program tender (Jan. 08, 2010)
Results of second hog tender released (Dec.15, 2009)
CPC Notice to Provincial Member Organizations (Dec. 3, 2009)
Results of first hog tender released (Nov 10, 2009)
Second Hog Farm Transition Program Tender Scheduled for November 18 (Oct 29, 2009)
First Hog Farm Transition Program Tender Deadline Extended (Oct 27, 2009)
Forms and Instructions:
Instruction Sheet
Technical Overview
Registration Form
Appendix 1
Appendix 2
Additional Resources:
Hog Farm Transition Program - Frequently Asked Questions (FAQ)
Closing Swine Facilities for an Extended Period of Time
Hog Industry Loan Loss Reserve Program (HILLRP)
The Hog Industry Loan Loss Reserve Program is designed to inject additional cash into hog operations in the form of government guaranteed loans. This cash will help free up operating credit and ease short term liquidity problems by converting short term debt into longer term loans. The terms of the loans will be negotiated between lenders and applicants but shall not exceed 15 years. Where possible, a maximum 10-year term will be encouraged.
Loan amounts approved by lenders will be based on a borrower’s business plan and the size of operation, established from recent production and sales records.
Download the HILLRP Factsheet - Agriculture Canada
Download the CPC's HILLRP Backgrounder
UPDATES:
Government Extends HILLRP (Feb. 25, 2010)
CPC Response to HILLRP Extension (Feb. 25, 2010)
Below is the list of Financial institutions that have signed contribution agreements for the HILLRP with Agriculture and Agri-Food Canada at this time. This is an “unofficial list” and other banks may be in the process of seeking the authority to offer the loans.
CIBC
National Bank of Canada
Alberta Treasury Branches
Sunova Credit Union Limited
Access Credit Union Limited
Steinbach Credit Union
Mennonite Savings and Credit Union LimitedAdvantage Credit Union Limited
Farm Credit Canada
BMO
Bank of Nova Scotia
Royal Bank of Canada
Libro Credit union
Austin Credit Union
Rosenort Credit Union
* New* TD Canada Trust
* New* Meridian Credit Union Limited
* New * Roblin Credit Union Limited
For more information visit the Canadian Pork Council or Agriculture and Agri-Food Canada
Ontario Pork contacted ACC Farmers’ Financial (ACC) after the federal government announced the new long term loans to discuss impact on regular advance payments and on emergency advances.
After producers raised concerns at Ontario Pork’s councillor meeting on September 22, Ontario Pork contacted ACC to discuss the impact on producers who were not able to cover scheduled Emergency Advance Payment Program (EAPP) withdrawals.
On September 28, ACC informed Ontario Pork of the changes they were able to offer producers.
Cash-Flow Assitance for Pork
Update (Oct 27, 2009): Availability of the Long-term Loan Program
Hydro One is offering financial incentives to help its customers in the commercial, industrial, agricultural and institutional sectors increase their energy efficiency and improve their bottom line.
Check out the link below for the Electricity Retrofit Incentive Program (ERIP):
http://www.hydroonenetworks.com/en/efficiency/electricity_retrofit_incentive_program/program_details/farms.asp
Programs administered through Ontario Soil and Crop Improvement Association incorporate self-assessment and goal setting with a range of cost-share advisory services and skills development opportunities to help producers reach farm business goals.
Check out the programs available at: http://www.ontariosoilcrop.org/en/programs/gyfp09.htm
The Canada-Ontario Environmental Farm Plan (EFP) and Canada-Ontario Farm Stewardship Program (COFSP) have been extended.
For details check out the following link: http://www.ontariosoilcrop.org/en/program_divide.htm
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