Pig Farming Business Plan: with Feasibility Report and Financial Model Template

The agricultural sector of which livestock farming or better still pig farming is a part is undoubtedly among the leading industry in most countries of the world; it is the industry that produces food for the populace and of course raw materials for industries.

Because of the significant role the agriculture sector plays, the government of most countries ensures that they go all the way to subsidize seedlings, fertilizers, and farming implements and machinery for farmers and also encourage entrepreneurs to go into various kinds of farming including pig farming.

There are several business opportunities available in the agricultural industry cum livestock industry and one good thing about the industry is that there is a market for all the products from the industry. Pig farming is of course a thriving and profitable business because of the nutritious value of pig meat (pork) and other by-products from pigs.

The livestock production industry includes companies that mainly provide support services for raising livestock. Livestock is a term used to describe domestic animals, such as cattle, pigs (swine, hog, grunter, squealer, sus scrota), goats, horses, poultry, and sheep et al which have been domestically raised for meat, milk, wool, and work. Other services in the livestock production industry include breeding services, pedigree record services, and vaccination et al.

The Livestock Farming industry of which the pig farming line of business is a part is indeed a large industry and pretty much active in countries such as the United States of America, Israel, Brazil, China, Germany, Argentina, and Nigeria et al.

It is a fact that there is no single livestock farming company cum pig farming business that has a dominant market share in the industry hence smaller pig farming businesses can successfully compete in the industry and still make appreciable profits.

Statistics has it that in the United States of America alone, there are about 51,712 registered and licensed livestock farming business (pig farming inclusive) responsible for employing about 67,814, and the industry rakes in a whooping sum of #5 billion annually. The industry is projected to enjoy 1.4 percent annual growth.

If you are looking towards leveraging on the livestock industry to generate huge income, then one of your best bets is to start a pig farming business. The pig farming business is all about the mass breeding of pigs for the sole aim of making profits. In most cases, it is generally referred to as a livestock farming business.

One thing is certain about the pig farming business, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to sell your pigs because there are loads of people out there who eat pig meat (pork), and industries that make use of byproducts from pigs in manufacturing their products.

Over and above, the pig breeding business is indeed a profitable and thriving livestock breeding business that an entrepreneur who is interested in farming should consider going into. Although pork is not consumed in Arab countries and within the Muslim community, that does not mean that pig farming is not a thriving and profitable business venture

Before going into pig farming, ensure that you have done your market survey and feasibility studies so as to ensure that there is a market for pigs cum pork in the community you intend to build your pig piggery.

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