The threat of a bacon shortage is very real, folks.
This summer's low rainfall was huge factor in the pending shortage of pork products. Farmers in Britain say their feed shortages and price increases have also contributed to the loss.
One of Canada's biggest hog producers, Big Sky Farms, has already felt the squeeze from higher feed prices. Big Sky Farms, based in Humboldt, Sask., which accounts for 40 per cent of Saskatchewan's total hog production, has gone into receivership while it attempts to restructure its debt.
According to the National Pig Association in Britain, pig farmers in the U.K., who rely on corn and soy exports from the U.S. to feed their animals, are drastically culling their herds in the wake of the drought that destroyed thousands of feed crops across the U.S. corn belt.
The industry group is warning that the pattern of culling herds will almost certainly spread around the world, making a world shortage of pork and bacon next year “unavoidable," they say.
“New data shows the European Union pig herd is declining at a significant rate, and this is a trend that is being mirrored around the world,” the National Pig Association said in a recent news release.
“…NPA believes slaughterings could fall by as much as 10 per cent in the second half of next year, which indicates a doubling of the price of European pork and pork products.”
What will we do?