Milking Pigs: An Emerging Market

This was posted as an April Fools joke on April 1, 2014.

We are not aware of any activity that resembles the post written below but we had quite a bit of fun exploring the possibilities. Enjoy.

Here in Vermont we have a small number pig milk start-ups that are combining new research and some good-old creativity to find a niche.Farm business adviser Sam Smith at the Intervale Center says, “I see pig milk and the related products as the next big opportunity for our producers here in Vermont.  We have a couple of farmers who have been experimenting and their success has led me to think this is going to be a very lucrative market.  If you look at it purely from the perspective of the number of teats per animal, you have three times the amount of teats than a cow, which means three times the profitability!”

What are the reasons for pigs milk? First is the potential to ramp up production quickly.  Pig breeding cycles are relatively short making it easy for a farmer to build a herd of milking pigs quickly.  Smith says “This is another game changer when compared to cow or goat dairies.  You can have a pig dairy online in under six months with a lower capital investment, a great option for beginning farmers. And when you need replacement pigs you have plenty to choose from.” 

 Pigs, like humans, are a mono gastric species that digests  food with one stomach. With a diet closer to humans than cows, pigs milk is also more similar to human breast milk. This amounts to a more digestible and less allergy prone-product.  Artisan cheese makers have also been experimenting with the milk as a potential way to further diversify their offerings.  Alison Lancet, who operates the farmstead cheese operation magnolia dairy said “We have produced some wonderful blooming rind cheeses with pig’s milk, and plan to have them for sale within the next three months.” Pigs milk is high in fat and is considered ideal for new products like restorative health products. These are part food and part medicine to assist in treating nutritional problems and skin conditions.

Locavore groups nationally have noted that many regulations placed on direct on-farm milk sales are specific to cow or goats milk. Pigs milk is seen as a way to promote community access to farm based products without conflicting with current regulations.

Industry leaders have quietly been evaluating other products too. Many people don’t know that the once iconic 100% pig-skin football has been replaced with mix of natural and synthetic materials to improve it’s grip. Recent pig breeding programs focused on improvements to meat yields had the trade-off of leaner animals which impacted the texture of pig skin. Since 2002 a partnership between American football companies and several in Australian have been evaluating pig skin trials from heritage pig breeds. These are the same breeds being evaluated for dairy production! What a great fit for high school sports programs re-evaluating ways to integrate sustainability into student learning!

New Dairy Grant$ :Business Plan Review Available for Applicants

A new round of grants for dairy farmers that are members of the St. Albans Cooperative was announced on March 14th. Funds donated by Commonwealth Dairy to the VT Housing and Conservation Board will support the grants program. Grant proposals up to $40,000 each will be accepted. Farm applicants will be required to submit a business plan with their application for the grant and UVM Extension Farm Viability will be available to provide pre-review of  business plans before they are  submitted with  applications.

Any farms that would like to get their business plan reviewed before application must contact Liz Gleason at the Vermont Farm and Forest Viability Program, 802-828-3370 or email at liz@vhcb.org. Go to this link for all the information you need about the grants program. http://www.vhcb.org/Farm-Forest-Viability/dairy-grants/

The grant application deadline is April 28th. Farms must remember that  pre-review  requires the submission of  plans in advance of April 28th to allow ample time for review and revisions. Follow the link above for more details.

REd Barn

 

 

Afforable Care Act: Essential Info for Farm Employers

Despite the lack of clarity and challenges of the new national Affordable Care Act, farm employers must prepare to set up the appropriate health care options for their employees (or make the accurate determination that no plans will be offered).

Farm Credit East just posted a detailed webinar: (click below to link to webinar)

The Affordable Care Act:What Farmers Need to Know

Farm owners and farm business advisers should review this material and plan to keep up with current news to determine if and how they need to provide coverage for employees. * It is important to research the specific policies in each state. For example, the State of Vermont law only provides an exemption for 4 or less employees. That is very different than the federal exemption of 50 or less employees. Farms in VT whose employee base meets the criteria of 5 or more full time employees may  be required to provide health care or to pay a penalty if care is not provided.

Vermont farm owners can research their particular situation at VT Health Connect: Small Business Resources

Farm Employer Fact Sheet Posted

We have just posted a Farm Employer Fact Sheet to our Resource Library.

[We have just updated the sheet. We found an error relating to the VT laws related to the new Affordable Care Act]

Are you in compliance with labor laws? Do you know who to contact if you have questions? This general overview explains the basic steps to getting a employee set up, basic workers compensation issues, Affordable Care Act updates and key agency resources to contact for more information.

Check it out the, click here:  Farm Employer Overview

Check out these programs, something for everyone

As winter approaches UVM Extension Farm Viability has been lining up a number of business program options to meet the diverse needs of farms in VT. Here is a quick list of current events and programs. Contact us to register for one that will advance your business planning today! Subscribe to the blog for occasional updates (over on the right) and forward this link to your farming friends that have never worked with Farm Viability.

Management Mondays: 20-30 minute webinars covering hot topics in farm business (click this link for the schedule)

Maple Business Benchmark: this new program will work one-on-one with maple producers to evaluate the financial performance for their business. As numbers grow in the program we will publish overviews of  financial performance at different scales of production. (click here to learn more)

Full Business Plans, Cash Flow Analysis,  Enterprise Analysis and Dairy Management Teams. This has been our core program for over 10 years. Go to the “Programs for Farmers” to see a summary of these options or click this link for an application

New farm transfer planning guidelines on the way! We are working with the statewide Farm Viability Program to make sure transfer planning can support all the unique family and non-family transfer scenarios we see on Vermont farms today.

Our resource library continues to grow with additions of fact sheets and financial templates to assist farm managers. Click here to browse the Resource Library

Markup and Margins: Price Setting Essentials

Understanding price-setting is essential for anyone who produces, buys or sells agricultural products. UVM Extension Farm Viability has just posted a resource sheet that explains how “markups” and “margins” are applied to prices. The  “Mark-up and Margins to Set Prices” sheet also provides tables to convert product prices based on common markups and margins we observe in the market place today.

You can view or download the “Mark-up  and Margins to set Prices” fact sheet today. Click  this link to the Resource Library page and scroll down to find this fact sheet and other resources for farm businesses.    http://blog.uvm.edu/farmvia/?page_id=26

Conducting an Initial Dairy Business Analysis

What are the key questions that reveal the strengths and weaknesses of a dairy business? DSC_0283The UVM Extension  Farm Viability team regularly meets farm managers for the first time with the goal of asking the right questions that will enable everyone to reflect on the business. We have just posted the Dairy SWOT Analysis Worksheet that we take out to the farm to guide the conversations. The same sheet can be completed by dairy managers who want to evaluate their business by themselves. This worksheet helps break the ice with basic farm questions while making sure you catch the details of feed, facilities, services and personality that impact the business.

To go direct to the Dairy SWOT analysis, click this link:

http://blog.uvm.edu/farmvia/files/2013/03/FBWS-007-6-13_Dairy-SWOT-Analysis-Worksheet.pdf

For the full resource library, click this link:

http://blog.uvm.edu/farmvia/?page_id=26

4 State of Vermont Tax Issues for Farms

UVM Extension Farm Management Specialist Dennis Kauppila has just published an informative summary of important tax issues for  Vermont farm owners. This piece covers the following items:  (click this link to: 4 State of VT Tax Issues for Farms)

  • Hobby-Loss vs. Farming with Commercial Intent
  • Sales taxes
  • Rooms and meals taxes
  • “Current Use” or Use-Value Appraisal of agricultural land

(click this link to: 4 State of VT Tax Issues for Farms-   Dennis Kauppila)