As promised, here are the latest updates on our piggery venture. After 3.5 months, we finally decided to sell the piggies.
Unfortunately, the option to keep the female pigs (gilt) and raise them further to bear offspring (as sow) was not feasible at that moment as some business partners already need to recover their capital, and with the way costs are running, additional capital is expected to yield marginal returns anyway.
As early as the previous post, we have already breached our cost assumptions as the pigs consumed more feeds than expected, and got sick more often (medical expenses were not included in the projections). Their weight also did not reach the desired level, with only two out of 8 pigs reaching the 90kg weight. Overall average was only at 76kg as some piglets got sickly early on.
The timing of the year might have affected the selling price per kilo of live pigs. Projection was at PHP120 per kilo but by the time we opted to sell, market price was only at PHP115. The price trend was increasing though as we were nearing -ber months, but the partners cannot wait any longer to cash in on the venture.
Return per pig was a measly PHP576 for a 7% ROI. Splitting this return between caretaker and financier yields just 3.5% or PHP288 per pig for the 3.5 months. Yes, it was very small and could have been smaller if we decided to keep them longer (and feed them more) without the increase in selling price to compensate for it. But still, such yields beats your ordinary bank deposits.
Personally, I’m not yet closing my doors to this piggery venture, as long as I / we can correct the previous projections, and improve on the whole process. There were lots of learnings along the way. Also, since my previous partners have other investment options at the moment, it seems that I will have to invest a bigger amount, should I decide to go solo in investing in pigs again.