The board of directors of Pork America have moved to increase the pig registration fee from $.10 per pig to $.20 per pig effective Nov. 1, 2000.
This action was taken to reflect the increase in the value of the development work that has been done. Pork America is developing a market for meat and is moving forward with a number of ventures to secure slaughter and processing capacity for this market. Shares of voting membership stock will continue to be sold for $500.
Money raised from the sale of membership stock and pig registration fees is funding the ongoing development of business opportunities designed to transition pork producers from marketers of pigs to merchandisers of pork.
Pork America's goal is to develop a number of business opportunities for its producer members. Once a business opportunity is developed, producers will be given the economic and other information necessary for them to make an informed decision on whether or not to participate in these opportunities. Pork producers can continue to register pigs at the $.10 rate until Oct. 31.
By registering pigs, producers obtain the right, but not the obligation, to participate in the opportunities developed by Pork America. Producers who do not become members of Pork America and acquire pig registration rights may not have the opportunity to participate in Pork America's projects. Additional increases in registration rate are likely as the business continues to grow. Membership remains open at this time .
The interim board has also set the first annual meeting for Pork America for Nov. 4. Members will elect the first permanent board at this meeting.
For more information call toll free at 877-987-7675.