Of all the farming related questions I receive I would say that the majority of them have to do with money. Questions like: Can I make a full-time living? How much will insurance cost? What is the profit margin per hog? Can I at least break even? All of those are great questions, but like many things in life the answer isn't always a yes or no, but rather it is usually "it depends". That was also the answer I had to give for a couple questions that I received over the past week. It's not that I didn't have thoughts on the subject, but sometimes a simple question like, "can I at least break even" just leads to so many more questions. Questions like: What price will you have to charge to break even? Do you have interested customers? How much marketing are you able to do? What about input costs (feed, pigs, water, structure, etc.)? All of those questions and their answers will make it possible to answer the, "can I break even" question.
Very rarely though do I lack an opinion on a farming subject, especially when that subject is pigs! That is why on today's episode I attempt to answer Doug's question about whether or not he could break even raising 3 to 6 American Guinea Hogs (or any pig for that matter) on his three acre property. The easy answer is yes. I mean if you have people willing to pay enough you can break even no matter what, but of course that is where the variables come into play. Once you take all of those into account I think the answer still may be yes, if you can come up with reasonable answers for questions about feed, purchasing feeder pigs, marketing, and so much more.
What do you think? What does it take to raise 3 to 6 pigs and break even or make a profit? Are you doing it now, or are you hoping/planning to do it in the future? I would love to hear your thoughts!
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Links Mentioned in This Episode:
- Building a Sustainable Business (Online Resources)
- Building a Sustainable Business (Book available from Amazon.com)
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