Government Introduces Support Measures for Pig Producers

18 July 2012, at 10:21am

BRAZIL - Government ministers and the pig industry met this week to discuss support measures for the sector.

Two of the issues discussed was a freight subsidy and a direct subsidy to the producer.

With these measures, the industry hopes to increase production and become more competitive without impacting prices.

The industry is also urging the Government to extend debt costs, investment and financing.

Last week, the Government announced a package of measures to mitigate the losses to producers and industry.

The Special Credit Line (LEC) allows farmers to buy piglets at a lower price, with an extension on credit costs.

$200 million credit is available to producers with interest rates of 5.5 per cent.

The government is looking at increasing the credit limit per producer from $1.2 million to $2 million.