𝐏𝐈𝐆𝐆𝐄𝐑𝐘

One of the most common types of enterprises run by Filipinos is the pig farming industry. Backyard operations all the way up to production on a commercial scale are included in this business. One factor has contributed to the success of this business: the Filipinos' love for eating pork.

In this section, I will discuss the advantages and disadvantages of owning a piggery.

The Starting of our Piggery Business

My family began a piggery business when my father bought one young pig for our town's upcoming fiesta. And since a large number of people will gather at our home to celebrate the fiesta. One pig is insufficient for them, so my father planned to get a large number of pigs for the upcoming fiesta. However, it was discovered that he enjoys selling and buying another batch of pigs. So that's the beginning of our piggery business.

Advantages and Disadvantages of Piggery Business

Advantages

The piggery business is profitable. Its long-term viability is demonstrated by the fact that it has thrived for decades. The following are some of its significant benefits:

Fast Growth Rate = Fast ROI (Return on Investment)

The fast return on investment is one of the many advantages provided by the pig farming industry. The quick turnover is mostly due to the small amount of time that passes between raising and harvesting. A pig is typically ready for sale after it has been raised for a period of five months.

If you provide pigs with food of a good grade, they will consume as much of it as they possibly can. This indicates that the amount of feed you provide them as well as the quality of those feeds will translate into an increased weight for your pigs.

Easy to Raise

Pigs will consume everything edible that they can get their mouths on. They do not require a significant amount of room, and they are calm animals.

Cheap to Feed

Pigs do not have a picky eating style. You can use different feeds, such as waste from the kitchen or farm waste. However, for our piggery, we opted to invest in high-quality feed. We provide them with ULTRAPAK.

Disadvantages

Smelly

Even though they are gentle creatures, pigs have a scent that is not pleasant. Pigs create a pungent smell that comes from their feces, urine, and wastewater. Pigs are kept as pets for this reason. There are environmental regulations and municipal ordinances that specify where and how pigs should be farmed. These rules and ordinances are in place to protect the environment.

Very Noisy

Pigs may be loud. When they are starving, pigs will squeal in a high-pitched way. The constant screeching can be rather annoying at times. When building a piggery, one must comply with not only the rules of the area but also the municipal bylaws.

Diseases

It's not just humans that become ill. Piglets, in particular, are more prone to contracting diseases because of their environment. The swine flu has the potential to wipe out all of your pigs and cause problems for your investment.

The flu can be cured with the aid of these vitamins. The process consists of just injecting this liquid into your pig.

The Business Risks of a Pig Farm

The numerous negative aspects that were just discussed are already considered potential risks. You need to give the dangers of starting a pig farm some thought before diving in completely. There is a potential threat to people's health, the environment, and finances. At this point, a solid strategy for the organization's business should be considered.

The Significance of a Pig Farm Business Plan

Risk is something that is constantly present in any kind of business. You won't be able to get rid of it entirely but having a business strategy can help you reduce its impact.

However, the fundamental role of a strong business plan is not to handle hazards but rather to create a detailed plan for success in joining the business. This is the most important function of a business plan.

Conclusion

The pig farming business may be profitable, but like any other kind of business, it requires that you have a solid understanding of how it works. Gain an understanding of both the advantages and the disadvantages. Be mindful of the potential dangers. In addition to the business strategy, it is important to become familiar with the needs as well as the functioning of the firm. All of these things will be of assistance to you in getting to the place that you wish to go.