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MANITOBA PORK COUNCIL AGM

MANITOBA PORK COUNCIL AGM. 9 TH APRIL 2014 GENERAL MANAGER REPORT ANDREW DICKSON. Manitoba Pork Credit Corporation APP provides producers with a critical source of working capital at low rate of interest, with interest on first $100,000 paid by federal government 2014-2015 APP

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MANITOBA PORK COUNCIL AGM

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  1. MANITOBA PORK COUNCILAGM 9TH APRIL 2014 GENERAL MANAGER REPORT ANDREW DICKSON

  2. Manitoba Pork Credit Corporation • APP provides producers with a critical source • of working capital at low rate of interest, • with interest on first $100,000 paid by federal government • 2014-2015 APP • Working with AAFC and Royal Bank of Canada to obtain • credit line of $20m for new loans for April start • 2013-2014 APP • 88 producers obtain loans • $16.3 million in total • $8.4 million interest free loans • $7.9 million interest bearing loans • Almost 50% loans are in Manitoba

  3. 2008-2009 APP Emergency Loan Program • 124 open files as of April 1, 2013 • By 31st Dec over 54% was paid off • 62% of producers who had loans outstanding • at the beginning of the year have: • paid off their loans • rolled over their loan into the 2013-2014 APP • entered into a 5 year agreement or a 10 year agreement.

  4. Summary of 2008-2009 APP Emergency Loan program: • 32 Late Repayments totaling $4.8 million • 15 Rollovers into the 2013-2014 APP • 20 five year agreements totaling $3.5 million • 14 ten year agreements (with federal government) • 43 files sent to federal government for collection • ( Received payment + interest for 40 files to date) • Received $314,394.47 from the federal government • for the interest differential on interest free account • in October, 2013.

  5. COUNTRY OF ORIGIN LABELLING • WTO • 4th Dec 2012 WTO sets 23rd May 2013 for US to come • into compliance with Appeal Panel Ruling • 23rd May 2013 USDA amends COOL regulations: • detailed labels still require segregation • 24th May Canada objects to WTO ….. changes • do not bring US into compliance • 10th June Canada/US agree on how to proceed on • non-compliance WTO procedures • 15th June Canada publishes list of potential products • subject to retaliatory duties • 19th August Canada requests WTO for Compliance Panel • 27th September WTO appoints Compliance Panel • -members are same as first Panel

  6. 31st Oct First Written Submissions to Compliance Panel • 19th Dec. Second Written Submissions to Panel • 2014 • 18th-19th Feb Panel Hearing in Geneva- oral presentations • 23rd March Written Comments on Q&As from Panel • June-July…Panel Report • Summer …..appeals • Fall….Application for retaliatory measures to WTO • 2015 approval for retaliatory measures

  7. Meanwhile back at the farm…….. • Spring 2013 Canada launches major effort to advocate for changes • to the US FARM BILL • US farm organizations form coalition to advocate repeal of COOL • Numerous meetings of Canadian government representatives and • farm organizations with all stakeholders in Farm Bill process • Marker put in draft Bill to force discussion at Conference stage • Tentative signals on possible amendments…..evaporated overnight • Farm Bill with no changes to COOL signed into law 7th Feb. 2014

  8. Meanwhile back at the fort……(2013-2014) Constitutional Challenge Coalition of farm organizations lead by American Meat Institute (+ CPC and CCA) formed to challenge constitutionality of COOL Argument: COOL is form of compelled speech which is not required to provide consumer information, and USDA went beyond its authority in Farm Bill July: AMI files case in District Court and seeks injunction to stop USDA September: injunction against USDA was denied but AMI appeals January: hearing with Appeals Court (3 judges) March: Appeals Court supports lower court decision April: Appeals Court decides to re-hear case with full Panel

  9. KEEP WATCHING THIS CHANNEL FOR THE NEXT EPISODE IN COOL…..

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