Agriculture and Agri-Food Canada

Agriculture and Agri-Food Canada

March 13, 2008 18:44 ET

AAFC: Saskatchewan Hog Producers to Receive 2008 Targeted Advance Payments Under Agristability

OTTAWA, ONTARIO--(Marketwire - March 13, 2008) - The federal and provincial governments are giving Saskatchewan hog farmers earlier access to AgriStability funding to help them in the face of extreme conditions. The announcement was made today by the Honourable Gerry Ritz, Minister of Agriculture and Agri-Food and Minister for the Canadian Wheat Board, and the Honourable Bob Bjornerud, Saskatchewan Minister of Agriculture.

Under AgriStability, the Government of Canada and Province of Saskatchewan are jointly implementing 2008 Targeted Advance Payments. Targeted advances allow governments to give farmers early access to some of their AgriStability funds quickly and easily. Eligible Saskatchewan hog producers will be contacted soon with information about the amount of their advance and how to receive a payment.

"This Government is listening to livestock producers and we are working with the Saskatchewan Government to deliver results," said Minister Ritz. "This announcement will give Saskatchewan hog producers access to the support they need to weather the current storm and adjust to new market realities."

"Cash flow is a serious problem for Saskatchewan hog producers," Minister Bjornerud said. "These targeted advances allow producers to access a portion of their AgriStability payment now - when they need it the most."

To reduce the risk of overpayments, producers' Targeted Advance Payments will be based on 60 per cent of their estimated 2008 AgriStability Payment.

This measure is in addition to recent improvements to the federal Advance Payments Program announced February 25. With the changes, producers will have quicker and easier access to cash advances and if all producers take advantage of the improved program, an additional $3.3 billion in advance payments will be available.

Implementing 2008 targeted advances is part of a national action plan to help Canada's livestock producers, which includes making program payments under existing programs available earlier.

For more information, producers can call 1-866-367-8506 from 7:00 am to 6:00 pm CST, Monday to Friday.

Contact Information

  • Agriculture and Agri-Food Canada
    Ottawa, Ontario
    Media Relations
    The Office of the Honourable Gerry Ritz
    Margaux Stastny
    Press Secretary
    Saskatchewan Ministry of Agriculture
    Scott Brown
    Director of Communications