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• W2207008370 abstract "The Ontario Data Analysis Project is used to investigate historical cost of production on farrow-to-finish farms. Unsurprisingly, profitability on a per pig basis shows considerable variability between farms and tends to follow market prices. It is not simply one factor but rather a combination of many factors that contribute to the level of profitability on these farms. The ability to control costs and keep productivity high are two key variables. Other factors include the health, genetics, feed, and management of each herd. BACKGROUND Cost of production is often touted as the most important factor in a region’s competitiveness within the global pork market. However, it must be recognized that many other factors can influence a jurisdiction’s competitiveness and some of these include: exchange rate; government policy; business climate (eg. labour supply); domestic demand; product differentiation and quality; and social factors (eg. receptiveness to corporate hog farming and pork processing). Perhaps one of the better ways to look at a region’s competitiveness is to simply look at pig numbers over time. Has the area been growing, stable or shrinking? Ontario has been exceptionally resilient in pork production despite the yearly fluctuations in pig prices and input costs. This is depicted in Figure 1 that shows yearly hog marketings from 1981 to 2003. Notice that 1988 and 1999 hog marketings are similar despite the plummeting producer numbers over the same period. To investigate Ontario’s cost of production for raising market hogs the Ontario Data Analysis Project (ODAP) can be used. This data set contains farm level financial and production information from a group of Ontario farrow-to-finish farms. These farmers consider themselves to be full-time farmers and they report little, if any, off-farm income. Most of the farms rely on family labour to fill additional labour needs. For the 2002 tax year, the most recently available information, there were 15 participants. The average age of the main decision maker was 48 years. Slightly over one-half (i.e. 53%) of the farms were operated as family corporations and 27% were spousal partnerships leaving 13% as sole proprietors. It should be noted that farrow-to-finish farms account for about 60% of the market hogs raised in the province (source: producer survey Ridgetown College, 1999)." @default.
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• W2207008370 date "2004-01-01" @default.
• W2207008370 modified "2023-09-27" @default.
• W2207008370 title "Cost of production on Ontario swine farms." @default.
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