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April 2001

Pork producers charge into the 21st century armed with new capabilities to capture and compile more data and information about the performance of their production systems. With this capability comes the ever-mounting challenge to make more sense of it all.

Fortunately, the need to gain more value from this wealth of information was recognized several years ago. National Pork Producers Council took the critical first steps to assemble industry stakeholders to develop standard definitions, formulas and calculations for key production and financial measures.

The outcome effectively means producers, lenders, consultants and other stakeholders can now compare so-called apples-to-apples. Standardization also means a National Pork Database can be compiled, giving rise to valuable benchmarks from which producers can effectively compare production and financial performance parameters.

This 32nd edition in the Blueprint series is the culmination of those efforts. We present it with our best wishes for your business success.

Blueprint Features: Production & Financial Standards for the Pork Industry

National Production and Financial Database

Apr 15, 2001 12:00 PM, Daniel Uthe

Database enables comparison of pork operations and helps identify long-term profit opportunities for producers. The National Production and Financial...

NPPC's Return on Equity (ROE) Model

Apr 15, 2001 12:00 PM, Will Marsh

Using this model helps pork producers answer their questions about production changes and profitability. If my feed conversion in the finisher improved...

Benchmarking Analysis Drives Action Plans

Apr 15, 2001 12:00 PM, Doris Mold and Will Marsh

Continuous improvement entails determining where an operation stands and planning how to make it better. Benchmarking is a process of continual improvement....

Profile of 2,400-Sow, Farrow-to-Finish Sample Farm

Apr 15, 2001 12:00 PM, Dennis DiPietre

Sample Pork III, USA, applies standrads to 12 months of its financial transactions and production information. To illustrate the application of National...

Managerial Accounting Extends Knowledge Base

Apr 15, 2001 12:00 PM, Donald W. Gillings and E. Allen Lash

Knowing more about your business requires accumulating transactional information for every business segment. Competitive advantage can take many forms....

Multi-Commodity Chart of Accounts

Apr 15, 2001 12:00 PM, Donald W. Gillings

Commodity groups work together to build a chart of accounts that is compatible for livestock and crops. The term chart of accounts is one of those references...

Pork Office Unveiled

Apr 15, 2001 12:00 PM, Keith Schuman

program understands the diverse formats of existing software and helps exchange information with the National Pork Database. Moving information from one...

Get Involved in the Standards Programs

Apr 15, 2001 12:00 PM, Jenny Felt

Training classes and support materials are available for pork producers and other industry-related professionals. Successful pork producers need timely...


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Current Issue

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There was a lot to be positive about in the pork industry the last week of October. I realize it is difficult to be optimistic when you are still losing $25 to $30/head. I also realize that positive news at this point could be as dangerous as it is welcome. But facts are facts, and we must recognize them. ...

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The "Good" and "Bad" Sides of a Cheaper Dollar

As I begin this week's column, I"m reminded of two different "flip side" statements that may help characterize the topic at hand. The first is the old Archie Campbell schtick - "That's good - no that’s bad," which I have used before. The second reflects President Truman's frustration with economists' incessant use of the qualifier - "on the other hand" - to introduce the contrary opinion on a given topic. President Truman once demanded in his usual colorful language: "Will someone please find me a *!&%$*?>

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