Hog Industry Loan Loss Reserve Program

The Hog Industry Loan Loss Reserve Program (HILLRP) assists the pork industry to deal with immediate short-term cash-flow pressures. It is designed to increase access to credit for eligible producers currently producing hogs in Canada and who can provide a business plan which demonstrates that the business is or can be viable and has a reasonable prospect of repaying the loan.

The Government of Canada will share the risk with financial institutions in consolidating short-term debt into long term loans to eligible hog producers. The loans to an eligible hog producer will be based on a credible business plan and the size of operation from recent production and sales records.

Lenders are responsible for assessing applications, extending and managing loan amounts in accordance with the program's terms and conditions, managing their Reserve Fund and for any losses beyond those that can be drawn from the Reserve Fund. As such, lenders continue to bear a proportion of the risk for loans extended under the HILLRP.

If you are a hog producer who is considering exiting the industry, please visit the Canadian Pork Council's web site for information on the Hog Farm Transition Program.