Banff Pork SeminarLast week we attended the Banff Pork Seminar held in Banff Alberta. Our observations: Event was well organized as usual with many excellent speakers. Over 600 attended. Genesus was a Premier Sponsor.
- The venue was extraordinary with the setting in the beautiful Canadian Rocky Mountains.
- We want to thank the many who attended the packed Genesus Reception at the St. James Pub in downtown Banff. When we left at 2:30 AM there were many still there discussing the swine industry?
- There was lots of discussion among attendees about the sudden transformation of Western Canada’s Hog Industry, which has in the last few weeks seen Big Sky Farms 45.000 sows being bought by Olymel Packing, Puratone Corporation’s 26,000 sows bought by Maple Leaf Foods and HyLife 47,000 sows having a major part of their company being bought by Itouchu Corporation of Japan.
- Last week we wrote the business model of farrow to finish, high overhead companies that bought their feed appears to be broken in Western Canada. It was interesting the number of people who came up to us at Banff and agreed with what we stated, including some of the above mentioned companies. All at the conference we spoke to were positive, for the three strong meat companies having stepped up with their deep pockets. This is a commitment that augers well in helping stabilize the industry.
- Jason Logsdon of the Maschoffs gave an insightful presentation of how their corporation uses Metrics to measure their progress. The specific details on these metrics certainly make you realize why the Maschoffs have been a huge success story in our industry. The old saying “you can’t manage what you don’t measure” certainly comes to mind.
- Al Mussel of the George Morris Centre gave a nice presentation. Unfortunately it reinforced the difficulty that Canada’s Swine industry has encountered over the last decade and reinforces the challenges that Big Sky, Puratone and HyLife have had. The calculation is a typical Canada hog farm with a net worth of 5 million in 2006 and in2010 a net worth of 3.9 million or a drop of 21%. In the last two years our estimate would be hog farms net worth would have taken an even bigger hit. It’s been tough in Canada and a big reason Canada’s sow herd has decreased 20% over the last six years.
- Rick Berman a consultant on public affairs spoke on Animal Right activists. His approach is offence versus defence in dealing with the like of PETA and HSUS (Humane Society United States). “Is this really a group you can negotiate with?” says Berman. “We’re talking about people who represent a vegan culture, who are equating animals with people and advocating an end to eating meat. Its animal rights and an extreme agenda masquerading as animal welfare.”
Categorised in: Pork Commentary
This post was written by Genesus