The U.S. Department of Agriculture announced a new program earlier this month to assist hog producers who sold hogs through a negotiated sale during the period in which these producers faced the greatest reduction in market prices due to the COVID-19 pandemic.
The Spot Market Hog Pandemic Program is part of USDA’s Pandemic Assistance for Producers initiative and addresses gaps in previous assistance for hog producers. USDA’s Farm Service Agency will accept applications through Feb. 25, 2022.
The program provides assistance to hog producers who sold hogs through a negotiated sale from April 16, 2020 through Sept. 1, 2020. Negotiated sale, or negotiated formula sale, means a sale of hogs by a producer to a packer under which the base price for the hogs is determined by seller-buyer interaction and agreement on a delivery day. USDA is offering this as packer production was reduced due to the COVID-19 pandemic due to employee illness and supply chain issues, resulting in fewer ...
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