Economic Analysis Of Pig Production

Economic Analysis Of Pig Production

Abstract

With an agricultural gross domestic product of 33%, livestock is one of the agricultural subsectors that is expanding the quickest in developing nations. There is a significant disparity between rich and poor countries when it comes to the consumption of protein and kilocalories, which are non-SI units of energy equal to 100 calories (Rosegrant et al. 2009). Livestock systems are reported to have both beneficial and negative effects on public health, social fairness, natural resources, and economic growth, according to the World Bank (2009). Due to urbanization, population growth, and rising incomes in emerging nations, there is an increase in demand for animal products, which is the cause of this growth (Delgado 2010). Between 1980 and 2002, the total amount of meat produced in the developing countries tripled, from 45 to 134 million tons (countries Bank, 2009). 53 percent of the agricultural GSP in industrialized nations is made up of livestock production and products (World Bank, 2009). The fact that pigs have high fecundity, high feed to meat conversion efficiency, early maturity, short gestation periods, cooking fats, and bristles makes them an essential part of the livestock subsector in Nigeria, according to Ezeibe (2014). (2008) Hedegepath. The world’s pig production is widely dispersed. Over eight hundred million pigs were thought to be in the world’s inventories as of 2002, which was a small increase from the estimate of over seven hundred eighty two million in 2006. The world’s greatest pig inventory is found in Asian nations, which in 2002 accounted for more than 62% of the entire worldwide inventory. The European Union member states make up around 15% of the world inventory, followed by North America with about 10%. The majority of the world’s pigs are raised in areas with access to natural resources such arable land, cereal grains, and water. (2008) Hedegepath.