Pig Farmers Back in the Black22 February 2012
DENMARK - Early indications are that the profitability of pig production improved in 2011 and producers are seeing modest profits again, a situation which is forecast to improve further this year.
The first accounts to be finalised indicate that in 2011, pig farms returned to profitability, according to BPEX, citing a report in Landbrugsavisen.
The first 61 accounts for all types of pig farms from LandboNord, LandboSyd and LROE show an average operating result of €10,000. Compared to 2010, this represents an improvement of €35,000. The pig farms improved their operating results by approximately €19,000 after modest increases of capacity costs. Interest costs increased slightly due to higher debt and higher interest on debts to banks.
The forecast for 2012 indicates an improvement of €65,000 in average gross margin.
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