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USDA Announcement Pleases AFBF

by 5m Editor
5 May 2008, at 7:49am

KENTUCKY - The USDA has made an announcement to purchase up to $50 million worth of pork products.

In a statement, Bob Stallman, President, American Farm Bureau Federation said:

“The American Farm Bureau Federation is pleased with the Agriculture Department’s announcement this week that it will purchase up to $50 million of pork products for child nutrition and other domestic food assistance programs. AFBF, along with the National Pork Producers Council, requested this action last month in response to continued low prices for pork and live hogs, which have resulted in financial distress to many producers.

“Prices for live market hogs have plunged to levels not seen in nearly a decade. Experts have predicted that 2008 will likely be the worst financial year for pork producers in modern history. USDA’s help could not come at a more critical time.

“This procurement program offers two important benefits: it helps farmers facing record-low pork prices, while at the same time providing healthy, nutritious protein to their fellow citizens who are in need. It's a win-win for producers and the public.”

5m Editor