Grampian Pig Producers face tough times
FIGURES from Grampian Pig Producers reveal the full scale of the disaster that has been facing the pig sector.
Some £8 million was wiped off members incomes last year which meant eight farmers went to the wall.
The co-ops balance sheet was hit by a loss of £11,830 – its second in two years – and this years loss arose from a £39,000 bad debt.
Chairman Gordon Stephen said prices were still below the cost of production but said he was confident the worst is now over.
The co-op expects prices to fall around Easter but to see a recovery during the rest of the year.
Grampian Pigs marketed 502,788 finished pigs, 65000 cull sows and boars and 28,600 weaners to the value of £29.2 million for members during the last financial year.
Turnover for the year to the end of December 1998 was almost £30m, compared with £46m for the previous 15 months.
- The Herald 01/04/99 page 29