Hog production in Western Canada had a rough go this week. First, Big Sky Farms entered receivership — for the second time in less than four years — then, just yesterday, Puratone Corporation filed for creditor protection. It is not a good time to be a hog farmer, with reported losses per hog ranging from $25 to $60 or more.
Harry Siemens of Siemens Says and I sat down to talk about what this means for hog producers. Is it time to liquidate? If so, when and how do farmers get back in the business? A recent report says that hog profit numbers should begin to pencil out to the good by mid-2013. Can independent farmers hold on that long?
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