Cost Accounting and Calculation of the Cost of Feed in the Pig Industry

Dmytro Liudvenko ()
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Dmytro Liudvenko: Business School of Kyiv Institute of Business and Technology, Kyiv, Ukraine

Oblik i finansi, 2019, issue 1, 44-48

Abstract: The cost of livestock products reflects the achieved level of labor productivity, feed utilization and organization of food supply. Comparison of cost allows to establish in which teams or units production is the cheapest, and also determine the manufacturer's competitive position in the market. An important task is not just to reduce costs by reducing the resources used, but to achieve low costs while maintaining or even improving the quality of products with the rational use of available resources. The purpose of the article is to substantiate the methodical bases for calculating the cost of feed in the pig industry, provided that the nutritional feeding program is reduced and natural resources are economized. The ways to reduce the cost of livestock production were identified. The article shows as feeding sows affects the cost of pork. In particular, the author forecasts of the cost of feeding pregnant, lactating sows and for the period of breeding. The cost of feeding 1 head of animals in the field of pig breeding was calculated. It was shown that the reduction in the price of feed for fattening, while maintaining its nutritional value, leads to a decrease in the cost of 1 kg of meat. Water consumption for fattening of pregnant, lactating sows and for the period of breeding was estimated. It was revealed that the reduction of the nutritional program leads to an increase in water consumption up to 10 % of the total consumption. As practice shows, the cost of feed can be reduced by reducing the cost of feed produced in the farms themselves through the preparation of economically reasonable rations, rational use of feed and, finally, by increasing the productivity of animals.

Keywords: pig breeding; calculation; cost of livestock production; cost of feeding animals; water consumption (search for similar items in EconPapers)
JEL-codes: M41 (search for similar items in EconPapers)
Date: 2019
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