THE ECONOMIC ANALYSIS OF PIG PRODUCTION IN MUEANG DISTRICT BURIRAM PROVINCE

Abstract

This research aimed to study the general economic and social condition of pig farmers, pig production condition, and analyzy the finalcial costs and returns of pig farming in Mueang Didtrict, Buriram Province. The study employed purposive sampling,collecting data through interviews using questionnaires. The data were then analyzed using descriptive analysis. Findings show that most pig farmers in the district are men, on average 48 years old, with primary school education and 12 years of experience in pig farming. They typically raise pigs on small farms of 30-50 pigs and rely on funding from financial institutions. The farmers' production capacity is typically 100-200 pigs per round, using commercial hybrid strains, with feeding done in a pour-on style and common antibiotic use. However, farmers lack knowledge about vaccine usage. Most use traditional farming technology, yielding an average of 80-100 kg per farm, and only 20 percent passed GAP. The analysis of the cost and returns on a farm of 100 animals per round found that the total production cost was 579,000 baht, with variable costs as high as 468,000 baht and fixed cost of 61,000 bath.The total income was 583,000 baht, resulting in a net profit of 50,000 baht per round or 500 baht per farm, with a net profit margin of 8.64 percent with an Internal Rate of Return (IRR) of 17 %,The break-even point was only 55 animals, and the payback period was 5 year . However, there is still a high risk from epidemics, fluctuating prices, and government policy. Therefore, good risk management is required.