Backyard hog raising, poultry businesses surge amid crisis
CEBU CITY — While other industries, especially manufacturing, continue to feel the brunt of the global financial crunch, hog raising and other agricultural livelihood endeavors continue to prosper, a local agribusiness entrepreneur said.
“We are an agricultural country and majority of our GNP (gross national product) comes from this sector so we need to focus and rediscover its strength,” said JM Poultry and Livestock Supply President Avelino de Manuel, whose company stands as the marketing arm of Universal Feedmill Corp.
De Manuel said agribusiness, particularly hog and poultry raising, remains among the most resilient businesses despite the recent economic slowdown since agriculture is in line with the national government’s food security program.
“Hog raising continues to be bullish even during the crisis,” he said, noting a growing number of hog raisers in several areas of Cebu and neighboring provinces.
In almost every rural household in the Philippines, hog raising is a very popular enterprise such that there is a proliferation of backyard producers which dominates the swine industry, De Manuel added.
Citing industry figures, he said the country’s backyard hog raising business accounts for 80 percent while 20 percent are commercial hog raisers.
De Manuel urged Filipinos, especially those whose job security are now at risk, to venture into agribusiness as an income alternative.
Other than providing a secondary source of income for small families, he pointed out that hog raising is a fast-growing home-based business which has the potential for high profits in a relatively short period of time.
“With a capital investment of P12,000 you can invest in one sow,” he said, adding that investment returns can be expected after eight months.P50,000, one can already engage in the operation of an agri-vet shop, said De Manuel.
For a capital outlay of
As a sign of confidence in the country’s agribusiness industry, De Manuel said his 25-year-old company is set to expand in Samar and Leyte by yearend. At present, JM Poultry and Livestock supply has 43 branches in Visayas and Mindanao, 12 of them in Cebu.
But even as the prospects for agribusiness is upbeat, De Manuel said the lack of support from the government has hampered its growth. The country, he said, lags behind Vietnam, Thailand and other Southeast Asian counterparts in maximizing industry potentials.
Another factor he cited was the lack of proper education in hog raising and other agricultural livelihood.
De Manuel said 85 percent of the province’s hog raisers have not adapted to new technologies. He said the adaptation of these technologies will ensure that the hogs are in best condition once it is ready for selling.
Written by Malou M. Mozo