Farms.com Home   News

NPPC Statement On Implementation Of Defense Production Act

President Trump last night invoked the Defense Production Act (DPA) to extend much-needed federal support to the U.S. pork production system. By triggering the DPA, the federal government will prioritize the continuity of pork processing plant operations. The following statement may be attributed to Howard “A.V.” Roth, NPPC president and a producer from Wauzeka, Wisconsin.

“We are thankful for the support extended by our federal, state and local government leaders. As we all work together to protect workers and the nation’s food supply, we need uniform and consistent solutions and all available resources to address this unprecedented crisis.  We thank President Trump for taking this step.

“We must safely stabilize the current plant capacity challenge and overcome other major hurdles facing the nation’s pork production system, one that employs 550,000 workers and generates $23 billion in personal income across rural America. Hog values have plummeted to virtually zero and hog farmers are facing liquidation of their farms and other assets without immediate relief, including expanded financial aid without payment limitations.

Click here to see more...

Trending Video

Making Soybeans Great Again! + A Fools Gold?

Video: Making Soybeans Great Again! + A Fools Gold?


Trump's post this week that China would buy an additional 8 mmt of U.S. soybeans was a “game changer” near-term. The plunge in Bitcoin down 50% from the highs may no longer be considered a “digital” gold. It has followed the selling in tech this week with the NASDAQ down 7%. The 45Z announcement provided more clarity and guidance resulting in higher soyoil futures. Next weeks USDA February crop report is historically a non-event and more.