Muyuan said that currently, 1.4% of its hog breeding operations have started doing its “co-creation system” pilot program where hog raising is outsourced to farmers and off its balance sheet.
This pilot program has farmers raise hogs for Muyuan as essentially independent contractors. The company says it has not changed its original hog breeding model, asset ownership, or employee relations. Currently, Muyuan runs its own farms, raises its own hogs, and has employees hired to run the farm operati...