The Canadian Pork Council, which administers the federal Hog Farm Transition Program (HFTP), said in a release Friday that the program's $75 million budget has been allocated to a total of 455 hog producers to help them exit the business.
In all, the council said, it's expected barn capacity for 126,765 sows, 263,857 weaners and 446,909 market hogs will be taken out of production when all barns are emptied.
Payments to program participants will continue, the council said Friday, as barns are closed and paperwork is finalized.
As per the funding agreement with Agriculture and Agri-Food Canada, HFTP participants have until March 31 this year to depopulate their barns as they declared, the council said Friday.
Random monitoring is to continue until March 31, 2014, three years after the last participating barns are emptied, to ensure compliance.