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Bad year for Dutch pig farmers 04 Jul 2008

Figures released from the Dutch Agricultural Economics Institute (LEI) report that no farm category made a profit in 2007. The pig sector in particular experienced a slump with higher producer prices still unable to cover costs.
Bad year for Dutch pig farmers
The average income from farming of Dutch agricultural and horticultural businesses last year came to around €51 000 per concern, a decline of €1 000 or 2% compared with 2006. The gap between production income and costs widened slightly overall, to €87 per €100 costs.
 
Disastrous year
Low producer prices and sharply rising costs made it a disastrous year for the pig sector, with farm income falling 162% from break-even point at €79 600 to minus €49 000. Piglet prices fell by 25% and breeding pig farms saw their income slump by 193%, converting a €3/100 profit into a €30/100 deficit.
 
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