Profiles of the Chinese Pig Industry
several extreme years in early 1960s when many people died of famine. She and her husband re-built their house in rural Shandong Provinces at least six times in the last 40 years.
In those very difficult years amid the Cultural Revolution, 3 or 4 pigs a year could add a significant part of family revenue. Food grain (mainly wheat) was never enough for four young children in the early years. Selling a pig two or three times a year allowed for the purchases of other foods in return.
Table 1. Operation Description of Ms. Yan’s 2-pig Farm.
Items Note
1. Feeder Pigs- bought from local bazaars at about 15 to 23 Kg and about $0.85/Kg 2- or 3-way crossbred. Pay can be deferred as short-term debt.
2. Feed- only about 10% of the feed is grain, protein meals, and premixes; others are food residues with no cost. Only feed little grain at early and late stage.
3. Days to market- about 200 days from 20 Kg to 65 Kg.
4. Market pigs- sold to dealers or on local bazaars. Live weight price varies from $0.65 to $0.80/Kg in 2002.
5. Manure- stored in a open pit for field application Considered to have value
6. Labor & Vets- time used for buying and selling pigs and cleaning; vets and drugs cost about $10 per pig. No opportunity cost for labor included
TTable 2. Consolidated Balance Sheet of Ms. Yan’s 2-pig Operation,
June 30, 2002
Items Amount, USD Items Amount, USD
Assets Liability
Current
Cash for feed and vets 42 Short term debt for feeder pigs 19
4% premix and other feed in store 9 Taxes payable 4
Fixed
Pig shed, trough, and tools 133
Pigs 77
Total equity 238
Table 3. Estimated Consolidated Income Statement of Ms. Yan’ 2-pig Operation, December 31,2002
Items Amount, USD Note
Revenues
Pigs sold 141.5 3 pigs sold a year
Manure collected for fertilizer use 29 Opportunity cost
Expenses
Buy feeder pigs 21.5
Grain and protein meals 13.8 8% of feed
Premixes 2.8 5 Kg total
Labor 65 Normally not included
Vets and drugs 7.3
Others 6.5
Depreciation 2.7
Net income 《Profiles of the Chinese Pig Industry(第2页)》
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In those very difficult years amid the Cultural Revolution, 3 or 4 pigs a year could add a significant part of family revenue. Food grain (mainly wheat) was never enough for four young children in the early years. Selling a pig two or three times a year allowed for the purchases of other foods in return.
Table 1. Operation Description of Ms. Yan’s 2-pig Farm.
Items Note
1. Feeder Pigs- bought from local bazaars at about 15 to 23 Kg and about $0.85/Kg 2- or 3-way crossbred. Pay can be deferred as short-term debt.
2. Feed- only about 10% of the feed is grain, protein meals, and premixes; others are food residues with no cost. Only feed little grain at early and late stage.
3. Days to market- about 200 days from 20 Kg to 65 Kg.
4. Market pigs- sold to dealers or on local bazaars. Live weight price varies from $0.65 to $0.80/Kg in 2002.
5. Manure- stored in a open pit for field application Considered to have value
6. Labor & Vets- time used for buying and selling pigs and cleaning; vets and drugs cost about $10 per pig. No opportunity cost for labor included
TTable 2. Consolidated Balance Sheet of Ms. Yan’s 2-pig Operation,
June 30, 2002
Items Amount, USD Items Amount, USD
Assets Liability
Current
Cash for feed and vets 42 Short term debt for feeder pigs 19
4% premix and other feed in store 9 Taxes payable 4
Fixed
Pig shed, trough, and tools 133
Pigs 77
Total equity 238
Table 3. Estimated Consolidated Income Statement of Ms. Yan’ 2-pig Operation, December 31,2002
Items Amount, USD Note
Revenues
Pigs sold 141.5 3 pigs sold a year
Manure collected for fertilizer use 29 Opportunity cost
Expenses
Buy feeder pigs 21.5
Grain and protein meals 13.8 8% of feed
Premixes 2.8 5 Kg total
Labor 65 Normally not included
Vets and drugs 7.3
Others 6.5
Depreciation 2.7
Net income 《Profiles of the Chinese Pig Industry(第2页)》
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