OMAFRA monthly Swine Budget
Learn how the monthly Swine Budget can help to estimate the cost of production for your swine enterprise.
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The monthly Swine Budget provides a guide and format to allow you to estimate the cost of production for a swine enterprise.
The cost estimates and assumptions are based on information from a variety of industry sources. The cost figures are not obtained from an actual survey.
Therefore, adjustments and interpretations are necessary when applying the budget figures to a particular business enterprise. Individual farm figures will vary depending on your resources, management, production, health status, size, market conditions, risk and financial arrangements.
Farrow to finish budget
To arrive at an estimated cost of production for farrow to finish, the estimated production costs are split into three production phases:
- farrow to wean
- grow to finish
The farrow to finish budget is the accumulated cost of the three phases and is based on the number of market pigs sold per sow per year. The various costs from the three phases are totaled on a per sow basis and divided by pigs sold to arrive at a per pig cost for the farrow to finish budget.
For current budget reports, details about the approach taken to estimate a swine budget, and the underlying assumptions and costs (which change periodically) refer to the ONswine Swine Budgets page. Summaries of historical farrow to finish budgets can be found on the OMAFRA Open Data Catalogue.
The variation in production practices gives rise to a large variation in costs of production. Interpretation and utilization of the information will require adjustments to apply these figures to an individual swine production enterprise. Therefore, it is important for individual operations to determine their cost of production based on their records. Accurate and up to date information is essential to determine an individual farm cost of production and to make management, financial, and marketing decisions.
For more information on cost of production budgeting see Guide to cost of production budgeting or farm business calculators.