USA - U.S. producers launch Sow Retirement Program
http://www.farmscape.ca/f2ShowScript.aspx?i=23119&q=U.S.+Producers+Launch+Sow+Retirement+Program
08-Jun-2009 (17 years 5 days ago)American swine producers have introduced a new program designed to allow an equitable exit by sow owners from the farrowing business. Producer Retirement Plan Chairman Chuck Wirtz describes the initiative as an early retirement program to allow producers who exit the industry to re-capture the unused genetic productive value of their sow herds.
It's a self funded program. In order to be a member you have to pledge 20
dollars per sow either cash up front or five dollars up front with the
balance secured with a line of credit to be paid over the next two years.
Based on that initial up front funding and/or those lines of credit we
secured financing for those dollars to be used in the bid process relative
for sow owners willing to retire their sows on a bid process.
It's a self funded program. In order to be a member you have to pledge 20
dollars per sow either cash up front or five dollars up front with the
balance secured with a line of credit to be paid over the next two years.
Based on that initial up front funding and/or those lines of credit we
secured financing for those dollars to be used in the bid process relative
for sow owners willing to retire their sows on a bid process.