Hi Folks, Well to set the background, I have met a gorgeous Filipina woman who hopefully will be joining me soon and then marry : )! Well one of the many surprises she has given me along our courtship was a present of 17 pigs of which 16 made it through to completion and made market (and a profit). With this in mind, and the fact that her family has farm land available for use, we decided that one of our ventures, mainly for hopefully our future kids and more importantly at the moment, to sponsor her two sisters through university, we are slowly going to build up a pig herd. So apart from researching pinoy pig raising, my other interest is getting the enterprise okayed by the local council (burungay?) mainly for the buildings. Any ideas on the approach my fiancée should take. I should say we will start of with 25 pigs, and hopefully over a year, go upto 100 pigs using the money generated at each phase to fund the next. Cheers Tim
Tim. Do you have any experience at pig farming yourself? If it is such a great idea why don't the wealthy locals make big $$ out of it, don't forget that you will be an alien with no legal rights. Take care, take great care. It sounds like one of those tempting ideas that will go terribly wrong.
Two points: 1. Don't do it 2. Really - don't do it. There is such a thing as "the hog cycle". https://en.wikipedia.org/wiki/Pork_cycle If you have made money this time, the chances are excellent that you will lose money next time. Since neither you nor she will be there to do the work, someone else will have to do it and they may very well feel that having done all the work they are entitled to all the proceeds. Getting approvals for anything is always subject to long nose tax. As of course will be the price of pig food. Don't do it. Whereabouts in Mindanao by the way?
Another lamb to the slaughter.............. You will see, that all forum members in unison will try to discourage you from attempting to commit financial suicide.
I tried the pig business in the R.P after 7 years of marriage..Very nearly got divorced in year 9. Night mare.
Having agreed with the comments against this idea Tim thats not to say your Missus family cant use a bit of help. I guess you have visited the family and seen how they live? If you have spare money (that you dont need back) you could "lend it" to the most responcible family member and let them manage it as a fund. In the future your missus may well feel the need to send some of her income to the family for the 101 good reasons that will occur. Beyond this you can reasonably say that all other requests for "loans,gifts" should be directed to the fund manager who is resp[oncible for its allocation.
If you or your wife are not there to personally oversee anything, dont go into it. Just like any business venture, be it in uk or ph or anywhere in the world, you cant trust your money with anyone.
We had pig farm before in our province, you need to be very hands on and it needs intensive labour. In our 3 years of operation, the first semester was terrible, second until the last was just break even. And then typhoon Haiyan came, pow! The farm got washed away. Try other business venture, there are a lot of business opportunities in the Philippines.
