Hog Raising Business: Is It Profitable?

While my original plan was to buy a piglet and raise it to become a mother pig or sow, I have decided to sell the first piglet that I bought before, which my mother raised after I realized that it will take longer for it to become profitable than if I compare it with the second plan, which is to buy piglets then sell it after 3 months of growing them, or the so-called fattening method.

Some of you probably already know that I'm trying to start up a Hog-Raising Business. I have been sharing about my journey when I started it, and since another step has been made again, I'll share it here with you to document every move that I make.

So last January, I bought a piglet that my mother sold me after she needed money for something else. I bought that piglet for 3,500 pesos ($70) using my extra Bitcoin Cash earnings. Prior to that, I gave my mother 2,000 pesos ($40) as an addition to her money, which was intended to buy that piglet. So in total, I spent 5,500 pesos ($110) on buying that piglet alone. Then I also bought 1 sack of Starter Feeds worth 1,750 pesos ($35) and another sack of Grower feeds, which is worth 1,750 pesos ($35) as well. Overall, I spent 9,000 pesos ($180) on buying the piglet and for the feeds.

I told my mother about my plan of raising it to become a mother pig or sow, and she will do the work for me while I'll handle the financial expenses, and she agreed with my plan. However, after watching a lot of informative videos about what method is more profitable, doing some computations on my own, and considering the time that will be spent on each method, I have come to the conclusion that it's more profitable if I'll just do the fattening method.

So I informed my mother about my new plan of just selling the pig already, for me to have additional funds to buy more piglets again. At first, I thought she will protest since we were firm with our plans of raising it to become a sow. But after discussing it with her, she still agreed with me. Well, I'm the boss. Charot! 😂

I thought the pig will only be sold for 15,000 pesos or less since I have no idea about the prices of pigs. But when my mother gave an estimate for the price, my jaw dropped, which made me motivated to pursue and continue with this kind of business.

So after 3 months of growing the pig, plus another month since my mother bought it, or from December 24, 2021, to April 24, 2022, we were able to sell it for 20,000 pesos ($400).

And here's the breakdown for the expenses and if there's a profit gained.

Expenses Breakdown:

My Expenses:

Piglet- 3,500 pesos ($70) + 2,000 pesos ($40) for my mama's capital

Feeds- 3,500 pesos ($70)

Total= 9,000 pesos ($180)

My mama's Expenses:

Feeds- 3,100 pesos ($62)

Total Expenses= 12,100 pesos ($242)

Profit= 7,900 pesos ($158)

And here's the breakdown of the money:

My Capital- 11,500 pesos ($230), which includes the expenses for the pig (5,500 pesos), the feeds (3,500), and labor (2,500 pesos- money that I gave to my mother while she was growing the pig).

To my mama- 6,100 pesos ($122), where 3,100 pesos is for her expenses for the feeds and 3,000 pesos for her compensation for raising the pig.

To my papa- 1,000 pesos ($20), for the Giant Taro that was fed to the pig.

Extra/ My profit- 1,400 pesos ($28)

According to this computation, I only have 1,400 pesos ($28) profit, since I was able to sell the pig for 20,000 pesos ($400). The profit is not that much if you were to consider the time spent but it's still better than nothing, and I'm claiming that it will be more profitable next time since I'm growing more piglets at the same time already.

So is Hog-Raising Business profitable?

For me, it still is, especially if you have a bigger capital to buy more pigs and grow them all at once. Even if I only had 1,400 pesos left as my profit for this, it will serve as proof that there are still more profits to be earned. Plus, I will also get to help my parents to have extra income since we're all in this together.

Anyway, I still have big plans for this Hog-Raising Business that I'm putting up, and I'm claiming that it will materialize in the future. Cheers!