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National & World Ag News Headlines |
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Pork Checkoff to be Reduced to 35 Cents Per $100 Value
USAgNet - 12/08/2022
Effective Jan. 1, 2023, the Pork Checkoff rate will reduce by five cents to $0.35 per $100 of value. This change is a result of a resolution passed by voting delegates at the 2022 Pork Industry Forum.
Pork Checkoff payments are collected for all pigs sold with a change of ownership. This includes sales of weaned pigs, breeding age animals and at the final market destination. The Pork Checkoff is mandated by the Pork Promotion, Research, Consumer
Information Act.
Payments received by NPB for pigs sold on or after the first of the year will reflect the reduced rate.
The rate change was a recommendation of the Pork Industry Vision Task Force - a group of 19 leaders from NPB, NPPC and various state associations - to ensure the pork industry's long-term success.
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