According to reports, the Campaign for Family Farms and the Environment (CFFE) is asking the USDA, in a letter to Agriculture Secretary Vilsack, to halt direct and guaranteed loans to new or expanding hog and poultry farms. The letter contained 25,000 signatures and is in response to what the group views as overproduction.
Farmer and Missouri Rural Crisis Center member, Rhonda Perry, said on radio station KBIA, "We've got 547 million pounds of pork in cold storage, which is 25% higher than the five-year average, and I believe it's about 8% above last year's numbers."Presently the hog and poultry industries are experiencing historically low prices and oversupply conditions.
A similar loan hold was done in 1999 in response to the hog industry price crisis of that time.
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