Financial profitability is the primary purpose of all businesses and the lever by which the farm will be able to fulfill its roles and responsibilities as a responsible corporate citizen. Profitability may be achieved through sound financial planning, and a strong risk management strategy.
The practice is adopted by more than 80% of producers
The practice is adopted by between 50% and 79% of producers
The practice is adopted by less than 50% of producers
The practice is to be tracked and reported on during the next reporting period
Dimension 2 | Economic Performance
KEY PERFORMANCE INDICATORS
Sound financial planning
Monitor the business environment and develop programs aimed at educating pork producers on different risk mitigation options.
Number of pork producers who monitor their cost of production for crops or livestock.
Strong risk management strategy
Number of pork producers who have a plan to manage risk on their operation.