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:



Production VS profit- balancing income and expenses

Posted in: Economics, Pork Insight Articles, Prairie Swine Centre by PSCI 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

 
 
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