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.