Government Introduces Support Measures for Pig Producers
19.07.2012
BRAZIL — Government ministers and the pig industry met this week to discuss support measures for the sector.
Two of the issues discussed was a freight subsidy and a direct subsidy to the producer.
With these measures, the industry hopes to increase production and become more competitive without impacting prices.
,br> The industry is also urging the Government to extend debt costs, investment and financing.
Last week, the Government announced a package of measures to mitigate the losses to producers and industry.
The Special Credit Line (LEC) allows farmers to buy piglets at a lower price, with an extension on credit costs.
$200 million credit is available to producers with interest rates of 5.5 per cent.
The government is looking at increasing the credit limit per producer from $1.2 million to $2 million.
ThePigSite News Desk
