Economics

 Industry Partners


Prairie Swine Centre is an affiliate of the University of Saskatchewan


Prairie Swine Centre is grateful for the assistance of the George Morris Centre in developing the economics portion of Pork Insight.

Financial support for the Enterprise Model Project and Pork Insight has been provided by:



Author(s): R. Duffy
Publication Date: March 30, 2011
Reference: London Swine Conference, 2011
Country: Canada

Summary:

Benchmarking is a continuous process that allows for comparison and improvement when used properly. Benchmarking can be overwhelming due to the amount of data, but can be useful when both production and financial information is considered. For production, mortality rate for pre-weaning and finishing, the pigs produced for size of farm, and hog sales are some useful figures. For example, the top 50% had similar born alive/litter, weaned/litter, and weaned/sow/year. Financial information shows that the top 50% receive more per pig, and also pay less for each pig produced. The increase in net profit appears to be mostly due to a decreased feed cost per pig. Comparisons between provinces can show how competitive a region is. When attempting to benchmark, it is important to consider what to measure, who to benchmark against, and the time period.

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