October 21, 2008
The financial crisis will force more than 1,100, or 15 percent, of Danish pig farmers to sell their operations to larger producers and leave the business, according to pig farmers' trade organisation Dansk Svinproduktion.
Most pig farmers have seen their earnings drop by an average of DKK 2.12 (US$0.38) per kg of pork in the past 12 months, the organisation said.
Statistics show that there is a large gap in results reported by the most profitable and least profitable producers.
In addition, Danish pig exports to Germany are increasing at a rapid rate. Of the total of 26 million pigs produced annually in Denmark, 6 million pigs weighing 30 kg are shipped to Germany.