You had a litter of pigs, now how can you profit from them? they have to generate income for your farm to thrive. Your goal should not be to break even or much worse lose money. Here are 4 considerations for making a profit on your new litters.
1. You must know your expenses. What does it cost to keep the sow and boar? Your sale price of the litters must cover the expenses of: feed, wormer, bedding, housing, electric for lights and waterers, marketing costs, and any transportation costs.
2. Your sales must exceed your expense. You now should have a grasp on the amount of your expenses. Divide that amount by the number of litters you plan to have and add on your profit margin. That amount can be divided by the number of pigs in the litter to arrive at the selling price of each piglet.
3. Different areas of the country vary on what a weaned pig is normally sold for. Don’t hesitate to advertise yours for more than the normal. Chances are the lowball sellers are loosing money and won’t be around long as competition. If you start advertising yours for what they are worth, the market in your area will reconsider their prices as well, and move closer to yours.
4. If you plan to make money on raising livestock, plan to invest in quality breeding stock. You will not be able to ask top dollar for a low quality product. Having high quality animals will set you apart from others, and your asking (a price that will allow you to be profitable) will no longer be questioned.