Spot Market Hog Payments

USDA Begins Pandemic Relief Payments to Pork Producers USDA’s Farm Service Agency (FSA) this week began issuing nearly $63 million in pandemic assistance payments to hog producers under the Spot Market Hog Pandemic Program. SMHPP assists eligible producers who sold hogs through a spot market sale from April 16 through Sept. 1, 2020. Initially proposed…

Statement by Terry Wolters, NPPC president and owner of Stoney Creek Farms in Pipestone, Minnesota “We appreciate FSA’s commitment to providing assistance to those pork producers hit hard by the economic disruptions caused by the pandemic. Producers forced into spot market hog sales are still challenged by the market disruptions of COVID-19, and these funds…

WASHINGTON, DC, MARCH 17, 2022 — USDA’s Farm Service Agency (FSA) today announced it has modified the Spot Market Hog Pandemic Program (SMHPP) eligibility requirements to capture more hog sales. The program — announced last year — provides payments to pork producers who made spot market transactions between April 16 and Sept. 1, 2020. The…