Ottawa, ON [March 16, 2010] – The fourth and final tender of the Hog Farm Transition Program (HFTP) was held Wednesday, March 10, 2010 and preliminary results have been approved by the Program Administrator and an independent third party scrutinizer.
Of the total 274 bids submitted, 93 bids were accepted before the $14 million allotted to this fourth tender was allocated. A total of $14, 197, 732 will be issued to successful bidders under this tender. Lowest bids were accepted first, followed by successively higher bids until the funds for that tender were exhausted.
The fourth tender resulted in a range of successful bids between a low of $493.80/AUE and a high of $888.97/AUE. The AUE was developed as a method to compare bids among all types of animals and facilities. Using this system, each total farm bid submitted was converted to a dollar per “animal unit equivalent” or AUE.
Successful bidders must confirm their participation no later than Thursday, April 15, 2010. To confirm participation, producers must sign and return the letter of confirmation that will be included with all successful bid packages to be sent shortly. If confirmation is not received by April 15, the bid will be deemed unsuccessful and funds will go back to the HFTP program for distribution to other producers.
As this is the final tender in the program, any residual funds and funds previously allocated to producers who have since decided not to participate in the program will be used to honour bids next in line from the results of this fourth tender. Complete and final results from the fourth tender are expected by April 30th, allowing time for reallocation of funds returned to the program by producers who have withdrawn their bids.
Producers wishing to appeal decisions made by the HFTP must submit their appeal in writing to be received by the program administrator no later than April 15, 2010. The program administrator can be reached at:
Hog Farm Transition Program
Canadian Pork Council
c/o Welch LLP
1200-151 Slater Street
Ottawa, ON
K1P 5H3Email: hftp@welchllp.com
Fax: 1-888-334-6618
As the program draws to a close, information will be made public through the CPC website and will also be conveyed directly to provincial member organizations. The program will maintain its monitoring and audit functions to ensure compliance with the program over the coming three years.
The $75 million Hog Farm Transition Program is funded by Agriculture and Agri-Food Canada and administered by the Canadian Pork Council. Ongoing information on the program is available from the Canadian Pork Council at www.cpc-ccp.com.
The Canadian Pork Council serves as the national voice for hog producers in Canada. A federation of nine provincial pork industry associations, our organization’s purpose is to play a leadership role in achieving and maintaining a dynamic and prosperous Canadian pork sector.
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For more information, contact:
Gary Stordy
Public Relations Manager
Canadian Pork Council
613-236-9239 Ext. 277
stordy@cpc-ccp.com20
Click here to view pdf of Payment Summary By Province - May 20, 2010
Click here to view pdf of Withdrawn Successful Bidders - May 20, 2010
Click here to view pdf of Successful Bid Summary By Province (Cumulative) - May 20, 2010
Click here to view the press release of June 2
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