After taking a huge hit to its breeding and production stock as a result of the lightening spread of African Swine Fever over the last 20 months, Vietnam has had to look to other sources for pork, by far the majority of the red meat diet of the country. A new commercial association in Vietnam called the Vietnam Trade Alliance has committed its members to the purchase of at least US $500,000,000 in pork products from the United States through 2023.
Last year, the US exported almost $7 Billion of pork products worldwide, an all-time record, and an increase of 9% over the previous year. This new deal will add to the growing export demand on US production, which in turn will significantly assist pork producers.
IDEAL Agriculture & Marine offers a full range of livestock and animal mortality products, including business interruption for many diseases. Whether current threats such as African Swine Fever and High Pathology Avian Influenza; more remote catastrophic diseases such as FMD; or more common but still costly diseases such as PRRS, PED and Salmonella, we can craft cost-effective solutions for treating the risk and mitigating the effects of a break. This program applies to animal producers and related supporting industries. Insurance agents and brokers having clients within the animal agriculture sectors are encouraged to visit with us for more information.
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