Genus reports strong first half, despite challenging market conditions

Sep 11, 2023

Genus has announced its preliminary results for the first half of 2023, citing strong group performance, with group revenue rising by 10% in constant currency (16% in actual currency). The full report has been made available on the investors section of the Genus plc website.

“The group achieved a strong operational performance despite ongoing challenging market conditions for producers in several important markets. Revenues grew in all regions and both PIC and ABS delivered profit growth," said CEO Jorgen Kokke. "This also enabled us to deliver record adjusted EBITDA and good cashflow for the group. Growth in R&D investments, primarily due to the strategically important gene editing work and expansion of PIC’s elite farms, as well as higher interest costs, resulted in adjusted profit before tax consistent with the prior year."

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Video: Making budget friendly pig feed on a small livestock farm

I am going to show you how we save our farm money by making our own pig feed. It's the same process as making our cattle feed just with a slight adjustment to our grinder/ mixer that makes all the difference. We buy all the feed stuff required to make the total mix feed. Run each through the mixer and at the end of the process we have a product that can be consumed by our pigs.

I am the 2nd generation to live on this property after my parents purchased it in 1978. As a child my father hobby farmed pigs for a couple years and ran a vegetable garden. But we were not a farm by any stretch of the imagination. There were however many family dairy farms surrounding us. So naturally I was hooked with farming since I saw my first tractor. As time went on, I worked for a couple of these farms and that only fueled my love of agriculture. In 2019 I was able to move back home as my parents were ready to downsize and I was ready to try my hand at farming. Stacy and logan share the same love of farming as I do. Stacy growing up on her family's dairy farm and logans exposure of farming/tractors at a very young age. We all share this same passion to grow a quality/healthy product to share with our community. Join us on this journey and see where the farm life takes us.