Quebec’s provincial farm finance agency, La Financiere agricole, will issue a third advance from the ASRA program to the province’s hog farmers, dated Nov. 14.
The agency, which administers the ASRA (Assurance stabilisation des revenus agricoles) program, made the announcement Thursday.
This advance, which represents $6.50 per hog and $46 per sow, is worth $62 million in total and brings the total advanced to hog farmers to date for 2007 to $203 million, La Financiere agricole reported in a news release.
It’s predicted that total could reach close to $300 million by the end of the insurance year, the agency said. Hog farmers’ next scheduled advance payment is expected to come in January.
That sum doesn’t include the $46 million paid to hog farmers in 2007 from the special cost-of-production compensation program and a payment of start-up funds toward farmers’ federal/provincial Agri-investissement savings accounts, La Financiere noted in its release.
