Difficult economic times for the pork industry are pushing some producers into bankruptcy and others out of business. North Carolina, the nation’s second largest hog producing state, has its share of devastated pork operations.
The state’s $2 billion pork industry is suffering financially from excessively large herds and high grain prices, says the Triangle Business Journal. Adding to the problems, the recent H1N1 influenza outbreak has likely lowered public demand for pork.
“A lot of people have just not realized what’s been going on in the industry,” says Deborah Johnson, CEO of the North Carolina Pork Council. She says, “We are beginning to see some (hog farmers) leave the industry due to financial hardship.”
Bunting Swine Farms of Wilson, Perfect Pig of Newton Grove in Sampson County and D&B Swine Farms of Enfield are three mid-level operations (producing between 100,000 and 200,000 hogs a year) that have filed for financial reorganization. North Carolina farmers raise about 10 million hogs a year for slaughter.
Read more about North Carolina reorganizations.
Source: Triangle Business Journal