Feed and Supply Risk Management
Insuring an affordable and readily available supply of grain is pivotal to the efficient survival and expansion of the Australian pork industry. Feed constitutes 60 per cent of on-farm costs, with grain being the major component of pig feed and accounting for approximately 80 per cent of total feed cost.
The current high-cost of grain threatens to severely cut into profit margins, potentially pushing some otherwise efficient operators out of the industry. Other intensive livestock industries such as dairy, beef, chicken meat, egg and lamb are experiencing similar problems. These industries are working together as part of the Livestock Feed Grain Users Group (LFGUG) which was established in 2004 to address supply shortages and the associated high cost of feed grain.
Further information:
On farm strategies to minimise the impact of high feed prices on business profitability
Managing drought price risk - a guide for grain end users
Management and nutritional strategies to address the challenges of low profitability
