Pig Cents for the Future

Name and Position/Title: 
Tom Miller, Swine Field Specialist

Fiscal Year Submitted:
2010

POW Title and Number:
150 Iowa Pork Industry Center

Title:
Pig Cents for the Future

Issue:
Early in 2009 it appeared that perhaps the swine industry was going to return to a profitable time period with corn/soybean meal prices easing from highs levels.  Unfortunately with fallout from H1N1 flu outbreak impacting demand and prices, producers found themselves in a free falling market place through the spring and summer months.  As summer was ending it showed close to 24 months of economic losses in the swine industry and many producers were struggling with the loss of equity to their operations.  Many lending institutions were questioning the validity of continuing to loan money to swine producers worrying whether there was sufficient equity left.  

Response: 
Several Field Specialists developed a program, Pig Cents for the Future to address different possible scenarios.  Two lawyers presented on the legalities involved in contract feeding if contracts are broken including case studies.  An ISUE Farm Management Specialist presented the Fin Pak program.  Two ISU State Specialists presented programs on improving production efficiencies, pig supply networks/pricing and gave an industry outlook.  Additionally, an ISUE Ag Engineer presented a program on swine manure value.

Results: 
At the two sites representing Eastern Iowa 80 plus producers were in attendance representing in excess of 3.3 million pigs marketed/year.  Additionally, the Iowa City program was recorded utilizing a Camatasia Studio application which allowed the presentation to be uplinked to the web.  In tracking “views” of the program later 430 “hits” were recorded to the site.  Comments on the evaluation of the meeting included Nice to know people are willing to help out, and we have other options and people like ISU to go to for help” and “Very good seminar, timely. Thanks for putting this on.”

2010

150 Iowa Pork Industry Center

 

Page last updated: May 5, 2010
Page maintained by Linda Schultz, lschultz@iastate.edu