USA - USDA to propose expanding poultry loan guidance to include pork operations
[Latest swine news]
Agriculture Secretary Tom Vilsack announced that USDA will expand guidance currently in place for loans to contract poultry operations meant to protect them from questionable business practices to include contract pork operations.
Recent increases in energy and feed costs coupled with reductions in demand have affected profit margins and returns in the industry. In response to these conditions, some companies who contract with producers to supply poultry and pork have closed processing plants, reduced placements, and declined to renew contracts.
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