Manitoba pork producers seek $130M bailout
A Manitoba farm group is calling for $130 million in government loan guarantees to help producers deal with what it calls the worst crisis in the history of Canada's pork industry.
Keystone Agricultural Producers says a combination of high feed costs and low prices is forcing producers out of business.
President Doug Chorney says the situation is so bad that farmers are selling off their breeding animals because they can't afford to feed them.
He says the recent decision by Puratone, one of Manitoba's largest hog producers to seek creditor protection, is not an isolated incident.
Chorney warns family farms will be lost and hundreds of people could lose their jobs in related industries unless Ottawa and the povince intervene immediately.
He says pork producers in other provinces are facing the same financial distress.