Sat, 1 Nov 2014

Investment in Livestock through Sheep Bank

The national demand for sheep and goatseach year continues to rise, especially to meet the needs of the Dayof Sacrifice. This condition opens opportunities in sheep and goatbusinesses. One of them isJonggol Farm, whichis located in Singa JayaVillage, Bogor regency, Jonggol, West Java.


Muhaimin Iqbal,the owner of Jonggol Farm, first raisedsheep and goats in 2009 on 10 hectares of land. Until now, the population of sheep and goatson farmhas grown intoaround 1,200 heads.


The man from Nganjuk,East Java,admitted that he had to use his own moneyfor hisstart-up capital. He preferred not to rely on banks for capital. "Currently, the capital procurementfromthe national banks is not in favor of agribusiness. This proves as there is stillalack of financial credit in the agribusiness sector. One reason is the complicated requirements andthelending rates which are too high,"Iqbal told TROBOS Livestock.


Iqbal quite understands about capital matters. In fact, before going intoagribusiness, he worked for abank. "Agribusinessplayersdon’t have to rely on banks for capital;we can develop an investmentmodel in accordance with agribusinessneeds," said agraduateof the Faculty of Agricultural Technology, Bogor Agricultural University.


To address capitalneeds foragribusiness, especially sheep and goats, Iqbal developed a business investment system named Lambbank. Lambbank is a farm businesswhosemain activities areselling, buying, and rearingsheep and goats.


All this time, investors usually make an investment in form of moneyor gold. With this system,the form of investment is the ownership of sheep or goats. "The investors in this business system can be thosewho areinterested and the investment may bemade in installment. It’srelatively affordable," said Iqbal.


Furthermore, Iqbal explained, with this system both manager and investors enjoybenefits. As farm manager,Jonggol Farmneeds investmentto increase the population of sheep and goats, build shelters, or other development needs. Meanwhile,investors willobtain gainsfrom a fair profitsharing system (50: 50).


For the profit sharing, it is based onweight gain and the kids born after a certain time. After 5 years implementing this system, the profit sharing range from 15-20 % per year. The standard sheep or goats used areabout 40 kg per head or in the weight range of 36-44 kg per head.

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