Why pig farming is a lucrative business?

It’s very easy to raise the pigs, and it’s a great way to make good profits within a short period of time. If you are searching for starting pig farming business, then you are in the right place. Here we are going discuss everything about this profitable pig production business.

Commercial pig farming is beneficial due to the fact that pigs are prolific breeders. A single pig has the capacity to give birth to as much as 10 to 12 piglets in a single birth, making it one of the most reproducing livestock in the world. They can also produce 2 litters/year under ideal pig management practices.

How to be successful at commercial pig farming in Nigeria?

To be successful at commercial pig farming, here is a list of different domestic pig breeds. So, let’s get started. Pigs have the advantage of being prolific breeders: 2. Pig Farming is a very Lucrative business in Nigeria 3. Pigs have a faster growth rate 4. Pigs have a high food conversion ratio 5.

How much does it cost to start a pig farm?

Pig farming is super profitable, the average pig farmers are making around $136000 annually. It doesn’t require much capital $800 to $900 is enough to build a small startup. To raise healthy pigs, the aspiring pig farmers, must build pig-friendly shelters, give easy access to feed and water.

How much are pigs selling for?

The country is also home to half of the world’s pigs. Genus’ other divisions performed strongly. Group sales in the year to the end of June grew by 4pc to £574.3m, while pre-tax profits jumped a one-fifth to £55.8m The company also increased research spending on gene editing by nearly half to £13.3m.

How much can you sell a pig for?

Pigs sell for supply and demand based prices at auction. Pigs are selling for $1.00 per pound, at auction, for both feeder pigs and market hogs. This price changes with demand. The easiest answer to how much do pigs sell for is to base your price off of the local (or as close to local as you can get) auction prices.

Most often the price is around $3.5 per pound. After butchering and processing market pig yield about 55% (+/- 10%) meat. In the worst cases, pigs can have as little as 40% meats in carcass. So with an average pig that weighs around 265 pounds, the yield will be around 146 pounds of meat.