The USDA is increasing the amount of funding available for the Spot Market Hog Pandemic Program and expects to issue approximately $62.8 million in assistance payments to producers this week. SMHPP assists eligible producers who sold hogs through a spot market sale between April 16 and September 1 in 2020. “In order to provide more targeted support to hog producers …
Signup Deadline Extended for Spot Market Hog Pandemic Assistance
The deadline for pork producers to submit applications for the USDA Spot Market Hog Pandemic Program (SMHPP) originally was today, February 25th. But, the signup has been extended until April 15th. The program assists producers who sold hogs through a spot market sale between April 16 and September 1 of 2020. USDA notes that during those months, producers faced the …