USA: Farm bill in pork sector needs to consider current economic climate, FAD threats

Published 2023년 5월 18일

Tridge summary

U.S. pork producers are facing significant financial challenges due to high production costs, leading to an average loss of $40 per head in 2023. The Supreme Court's decision on California's Prop 12 is adding to the industry's troubles, with concerns over potential impacts beyond the pork industry and the possibility of increased regulatory burdens. The National Pork Producers Council (NPPC) is advocating for measures to enhance transparency in marketing, expand pork exports, and address the labor shortage. The NPPC and the North American Meat Institute are also warning about the broader implications of Prop 12 for various industries.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

U.S. pork producers are losing on average $40 per head on hogs marketed so far in 2023. Those losses are largely due to record high production costs that have increased 50% from 2020, said Scott Hays. "This is putting a pinch on the pork industry and could drive consolidation at the farm level as producers may be forced to exit the industry due to this economic reality," said Hays, who serves as president of the National Pork Producers Council. "On top of this, the Supreme Court released a disappointing decision on California's Prop 12 last week. The implications of that decision will go far beyond the farm." During the House Agriculture Committee's Subcommittee on Livestock, Dairy, and Poultry hearing "A Review of Animal Agriculture Stakeholder Priorities," Hays testified on behalf of the more than 60,000 pork producers nationwide. He said NPPC stands behind the rights of farmers and consumers across this country as Congress drafts the next farm bill, but Congress needs to ...

Source: NationalHogFarmer