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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:
Production VS profit- balancing income and expenses
Posted in: Economics, Pork Insight Articles, Prairie Swine Centre by admin on July 31, 2017
Balancing income and expenses
Time line for implementation
• Short term versus long term
Managment and labour requirments
• High versus low labour requirments
• High versus low management requirements
Financial implications
• New capital investment or not
• Increased operating cost or not
• Speed of return on Investment of capital and/or operating dollars
Risk versus reward
• High risk versus low risk
• High reward versus low reward
• Security versus flexibility
ACTION 1- Reformulate diets as required
ACTION 2- Optimize dietary energy level to maximize net income
ACTION 3- Exploit the full diversity of available ingredients
ACTION 4- Gradually convert DE/ME to NE
ACTION 5- Track the implementation of feed budget
ACTION 6- Increase growth through management and capital investment
ACTION 7- Regularly review shipping weights to ensure they optimize net income
ACTION 8- Minimize sort losses but avoid overdoing it
ACTION 9- Optimize sow herd productivity
ACTION 10- Trim inorganic phosphate in the diet and utilize phytase
Production VS profit- balancing income and expenses