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 APP Working with AAFC and Royal Bank of Canada to obtain credit line of $20m for new loans for April start 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

APP Emergency Loan Program  124 open files as of April 1, 2013  By 31 st 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 APP  entered into a 5 year agreement or a 10 year agreement.

Summary of APP Emergency Loan program: 32 Late Repayments totaling $4.8 million 15 Rollovers into the 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, from the federal government for the interest differential on interest free account in October, 2013.

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

 31 st Oct First Written Submissions to Compliance Panel  19 th Dec. Second Written Submissions to Panel 2014  18 th -19 th Feb Panel Hearing in Geneva- oral presentations  23 rd 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

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 7 th Feb. 2014

Meanwhile back at the fort……( ) 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

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