Winnipeg - The Canadian government has no intention of buying up low-priced hogs as a way of helping farmers who have been hard-hit by the lowest pork prices in years, Agriculture Minister Lyle Vanclief said on Friday.
“It would take a horrendous amount of money to take the products off the market and significantly increase prices to producers,” Vanclief said during a telephone news conference from Ottawa.
“There is no intention of that at the present time,” he said, adding the problem was world-wide.
Hog prices began a sharp slide in the United States and Canada in the fall, the result of economic downturns in Asian countries and Russia and hog overproduction in the U.S.
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