Approximately $70.5 million of the $75 million Hog Farm Transition Program has been allocated among 420 producers.
That leaves $4.5 million yet to be distributed, says the Canadian Pork Council, which is allocating the funds.
The transition program pays Canadian hog farmers to empty their production barns and get out of pig production for at least three years.
As part of the program, hog producers were invited to submit bids in four tenders, stating how much money they would require to get out of hog production.
The lowest bids in each tender were accepted. Unsuccessful bidders could submit new bids in subsequent tenders.
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After the fourth and final tender was completed, $4.5 million of what is called residual money had yet to be allocated.
The residual money is now being offered to producers who participated in the fourth tender but whose bids were not accepted.
The money is offered to the 50 producers next in line, who must confirm their intent to participate by a prescribed deadline.
When it is complete, the program is expected to reduce the country’s sow herd by a 137,000 sows, or 10 percent of the national inventory.
