A pig profit calculator is very important, especially for backyard farmers who raise from one to 100 pigs. Although computing your pig farming profit may sound like an easy addition and subtraction, it’s not simple like one would think and I’ll explain why in this article before giving you the link to the pig profit calculator below.
Why a Pig Profit Calculator is Important to Every Filipino Pig Farmer
Let’s be honest, most Filipinos are terrible at budgeting and since most Filipino backyard farmers lack education, financial planning is not part of their priorities. Usually, when a farmer has the capacity to raise two pigs, they just buy two piglets, raise them in their backyard, buy feeds whenever they have extra money, and then sell the animals when they think they are big enough to be slaughtered. There is no cost and return analysis or at least a list of their expenses. In short, they really don’t know how much the exact net profit they got from selling the animals. Once they sold the animals, they just take a certain amount to buy new piglets and spend the rest of the money.
One may argue that not all backyard farmers think like this but you may agree with me that most are doing this.
This system of raising backyard pigs is not for profit but for survival. If you are really looking to make a profit, then a pig profit calculator is very important.
Spending all the money made from selling your pigs without knowing how much you made or lost, is not sustainable. Even if you have a regular job that finances the pig feeds, knowing your profit and loss is still important. It does not make any sense to raise pigs without knowing whether you are earning or losing.
A Pig Profit Calculator is Not Enough
Yes, that’s right, a pig profit calculator is not enough if you are raising pigs and want to make a profit. Monitoring your expenses is the most important thing to do in order to have the most accurate data.
- List all the capital expenditures (housing, piglets cost)
- Make a list of your regular expenses (feeds, vitamins, supplements, vets, etc)
- Monitor the amount of feed you are giving your pigs and include this on your list. Record the adjustments and changes.
- When you sell the animals, get the total amount of all your expenses.
- Record the gross sale (total amount of money you receive from selling the pigs)
Once you have these data, you are now ready to use the following pig profit calculator. Click the image to go to the calculator.
Many Filipino pig farmers are making more because by knowing how much their expenses are, they can easily adjust the amount of feed given to the animals and eliminate other unnecessary expenses.
Some are not hiring a worker because they know hiring someone to take care of their 20 pigs is not worth it. Having 20 fastener pigs is still manageable if you don’t have a regular job.
making P5,000 from each pig is achievable in a well-managed pig farm. Imagine having 20 pigs and making P5,000 each every 5 months, that’s P100,000 in profit or P20,000 average income per month. Not bad. But this is only possible if you are using a pig profit calculator and monitoring your expenses.
Some Questions Related to Pig farming
Is pig farming profitable in the Philippines?
Pig farming in the Philippines has been a lucrative business for Filipinos for decades. Its popularity is seen in the backyards of rural families. The world’s 10th largest consumer, 8th largest producer, and 7th largest importer of pork is the Philippines.
How much is a kilo of live pig in the Philippines in 2023?
It is estimated that the farmgate price of live pigs for the month of January 2023 will end at 125 PHP per kg for prime hogs and 115 PHP for cull sows. Pig price in the Philippines has been volatile and sometimes reaches P250-P270 in the market.
How many kgs does a pig gain per day?
With a proper diet, expect weight gains of about .75 to .95 kg per day up to approximately 55 kgs. After that, weight gains of about 1kg pounds per day until it reaches its slaughter age of at least 5 months.
How much does a pig eat in 6 months in kg?
On average 4 – 8 kg of pig swill is needed per pig per day. A breeding boar requires 2-2.5 kg concentrate per 100 kg weight depending on the age, condition, and breeding demand.
See Also:
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- Eel Farming in the Philippines: How to Grow Eel