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Agriculture committee Well, I probably would suggest that the Canadian Pork Council doesn't have an official position on when the price will turn around.
March 15th, 2010Committee meeting
Stephen Moffett
Agriculture committee But I will tell you what I think. Certainly since last August and last fall, as Curtiss mentioned, prices were really low. The U.S. wholesale price of pork was 45¢ to 50¢, and now it's 75¢. So that's a dramatic increase just since last August, let's say, at the height of the H1N1
March 15th, 2010Committee meeting
Stephen Moffett
Agriculture committee Yes, I'll comment on that. That's probably one of the biggest frustrations, and quite frankly, I've heard it from the government as well, just how willing banks are to lend money. It's a real challenge. From our point of view, we get into this recession that we have, which has
March 15th, 2010Committee meeting
Stephen Moffett
Agriculture committee Thanks. I say I think there's a light at the end of the tunnel because some of the things are already changing. Certainly the market for pork is getting stronger. We went through the H1N1 fiasco last summer, and that's obviously behind us. We don't have the press that goes along
March 15th, 2010Committee meeting
Stephen Moffett
March 15th, 2010Committee meeting
Stephen Moffett
Agriculture committee Thanks, Alex. It's an excellent question. And you're right, I think I was probably here at that first meeting as well. It's been a real challenge. There are a lot of things that went on, including commodity prices. Various commodities just went crazy. And a lot of those are inpu
March 15th, 2010Committee meeting
Stephen Moffett
Agriculture committee Yes, I'm the poster boy of a bruised industry. We are bruised, and just the ability to access credit, to be able to do the things and run our business the way we used to be able to is challenged. The Canadian dollar, as Jim mentioned, is over 98¢ again, and so even though the A
March 15th, 2010Committee meeting
Stephen Moffett
Agriculture committee It's probably the most successful non-trade barrier that we've ever seen.
November 5th, 2009Committee meeting
Stephen Moffett
Agriculture committee I'll comment on the issue around COOL, because in my case I do ship weaner pigs down to the States. We actually maintain ownership down there and then sell the pigs to the slaughter plant. We had a four-year contract with the slaughter plant. When the new administration came in
November 5th, 2009Committee meeting
Stephen Moffett
Agriculture committee I would love to comment on that, certainly from our point of view. On this whole issue you mentioned around the subsidy on corn in the United States, of course, I feed some pigs down in the United States as well as in the Maritimes, and there are certain things we do to be compet
November 5th, 2009Committee meeting
Stephen Moffett
Agriculture committee That's a really good question. I want to make it very clear right at the outset that we think the AgriStability program is excellent. It has evolved over several years since the 1990s and has helped producers through times when prices went up and down. That's what it's meant to d
May 26th, 2009Committee meeting
Stephen Moffett
Agriculture committee In our case, we send half our pigs to the U.S. as baby pigs and we finish them down there. As Jurgen said, the model made a lot of sense. It was cheaper to finish them down there and certainly cheaper to process them. They have a very strong processing industry down there and acc
May 26th, 2009Committee meeting
Stephen Moffett
Agriculture committee I indicated at the very start that we're very disappointed in the response of the government. I'm not sure whether “abandoning” is the right word. We worked with the bureaucrats to find ways to speed up payments and to get the TAP payments out quicker than they might normally hav
January 31st, 2008Committee meeting
Stephen Moffett
Agriculture committee You asked about how many families there are. We know that in Ontario alone, 52,000 sows have gone to market. That represents about a million hogs a year and about 50 farm families. That's a lot of people.
January 31st, 2008Committee meeting
Stephen Moffett
Agriculture committee Can I respond quickly?
January 31st, 2008Committee meeting
Stephen Moffett