The livestock sub-sector is an important sub-sector of Bangladesh agriculture. Its contribution to the country’s GDP is about 2.5 percent. This sub-sector is also important from the perspectives of crop cultivation, food security, poverty reduction, nutrition, and employment generation in the country.
Goat occupies a significant position as an animal genetic resource in the pre-dominantly agro-based farming system in Bangladesh.
Rural women in Bangladesh, tend to be keepers of goat in their role as primary caretakers of the household and family. This attention to gender-based realities is important when considering the intervention of iFarmer. Care and management of goats are relatively easy than poultry and other livestock farming and it consumes little time. It also requires limited space as a goat can be grazed close to the household.
Therefore, it does not burden rural women with additional work, they can engage in rearing along with their daily household activities, often with the help of children. Ultimately, goat farming not only makes a vital contribution to household food and nutrition security but can also foster economic security, generate employment for local women and act as a family safety net during times of crisis.
We do not contrast against breeds; however, our expert team of professionals carefully select goats based on their ability to gain weight when fed a certain quantity of natural feed.
||Return on sponsorship
What should be my expectation from Goat Sponsorship?
On completion of your sponsorship, you will be allocated a goat and issued an ownership certificate bearing your name and the unique number of your goat on a specific farm. Then iFarmer will work as your goat portfolio manager for a fixed time period, and before the contract period ends you will receive your basic sponsorship along with dividend.
What iFarmer offers as my Goat Portfolio Manager?
Team iFarmer purchases the goat for you, bears the cost of management, provides insurance for death or loss, maintains the farm, grass - which is the food for the goat, supplementary feed and, medicine and vaccinations.
What will be your return policy if the goat dies or anything unwilling happens?
If your goat dies we will replace them, all sponsorships in the iFarmer platform are being insured by us. It will be replaced by another one. In this way the death of your goat will not affect your dividend from the sponsorship.
What will be the mode of payment and how are you going to disburse it?
Once the life cycle ends you will receive your basic sponsorship amount and dividend in your designated bank account. Once the payment is done we will deliver you the 'Certificate of ownership' and your bank details.
Is the return amount fixed? or can that vary?
No, it’s fixed return we are offering to our sponsors.
How many goats can a person buy?
One person can buy a maximum of 02 goat on shares worth maximum BDT 21,000.
Can anyone sponsor from outside Bangladesh?
Yes, but it's not enabled yet we are already working on international transaction process. Keep an eye to our website for a further update.
Does the price of goat increase over time?
Yes. The price of mutton today is double what it was five to seven years ago. It is, therefore, safe to forecast that the value of your goat will also grow in the same measure over the next few years. Your sponsorship also grows with the growth of the physical weight of the goat over time as well as the general appreciation in the price of mutton. This is why the goat is a great store of wealth.
Can I visit the farm/ farmer managing my goat?
Yes you may. You only have to inform us in advance to ensure that you get the best welcome possible.
What are the benefits of sponsoring in iFarmer?
There are many benefits but here are the mentionable ones:
- The joy of owning your own goat.
- You are contributing to food security by sponsoring in agriculture.
- The goat eat grass and grow regardless of local and world politics.
- You are creating jobs where they are needed the most.
- You make a good return on your money whilst enjoying all of the above benefits.