The traditional British bacon and egg fry-up could become a rarer treat as the rising cost of animal feed forces a growing number of farmers to join an international exodus from pig production.
Output could fall by up to 20 per cent by Christmas as British farmers consider quitting the business rather than face mounting losses with every hog sold, according to a survey by the National Pig Association. Some 8,000 breeding sows have been culled since beginning of the year.
Pork is the latest dinner table staple to feel the squeeze caused by rising input costs – exacerbated by this year’s US droughts, which have pushed up the price of soya used in feed – and supermarket reluctance to charge more to cash-strapped customers. All livestock farmers have been affected, but feed forms a greater proportion of the costs for pig producers.
Devon-based Lester Bowker, who is quitting after 21 years as a pig farmer, says it does not make economic sense for family farms to stay in the business. .........
More of this to come.
I've said it before, family farms will try to keep going, but large agribusiness has no emotional and far less financial stake in a farm.
When diesel prices go high enough to make farming unprofitable, they ( ADM, Conagra, etc. ) will stop farming.. They will take a tax break, dump the farm, or better yet, let it go fallow, and claim a carbon credit for NOT burning fuel and growing weeds.
They will of course go back into farming if the cost of a loaf of bread doubles a few more times, ( than it has these last 3 years ) but it won't make any sense until then.
I then have to ask, are you planning on buying food from China, like the blue jeans and DVD players?
Here's some numbers from a bunch of folk I trust as far as I can throw them.
Japanese trading company acquires U.S. grain merchant " The deal for Gavilon, whose investors include the billionaire George Soros,..." http://www.agweek.com/event/article/id/19847/