Business & Economy

Goat farming gives fast returns

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Goats are not only a source of protein for Filipinos, they also provide profits in no time at all.

Goat farming, according to Manuel R. Jarmin, Livestock Development Council executive director,   is turning out to be one of the more successful business ventures for entrepreneurs with limited capital. 

Jarmin said an entrepreneur can start with a 20-square meter pen stock requiring an initial investments of P17,000.

Jarmin said that in 14 months, an investor-farmer can start counting returns on his herd.

Harvesting is done after  the 14th month, the ideal age to slaughter the animal.

Goats, he said, require low maintenance needing only tree leaves, weeds and grasses.

As goat production requires low initial investment and small risks, it is  an attractive undertaking among resource-poor families.

Moreover, women and children can raise them, making it a sound option to augment the country’s programs on livelihood.

There is a ready market for goat meat since it is a special delicacy offered on birthdays, baptisms, weddings and fiestas.

Going a bit big time, an investment of  P240,000 is enough for a stock of 24 female goats and a male, housing, fencing and pasture development of 1/2 hectare land area.

“It is relatively easy to raise goats, because you will not be dependent on feeds, just plain grass. The investment needed in goat farming is much smaller as compared to other livestock such as sheep and cattle, and the profits that could be obtained could be great,” he said.

“The P240,000 investment is for meat and you will be needing a chiller and that could cost as much as P1.5 million. Investing on goat meat is profitable and easier,” he said. A kilo of goat milk costs about P200.

Meanwhile, some indirect production cost such labor, concentrate feeds, veterinary drugs and supplies, urea-molasses mineral block, forage and pasture maintenance, transportation, utilities, contingencies, will take as low as P12,600.

“You do this on your own, it’s a personal investment. However, the agency (Livestock Development Council) can provide the technical assistance, veterinarians, and many more, but we must get a letter from you first,” he said.

“You don’t really have to buy the goat from us, but we can recommend suppliers and farms that you can visit. You can choose; we will not impose anything but we are here to give you options,” added Jarmin.

Data from the livestock council indicated that a back-type goat will cost P10,000, a native goat will cost P5,000 while a pure-bred goat costs P20,000.

The projected income statement on the fifth year would reach about P877,000 -- a net income of P385,000 and return of investment of 78.42 percent.

At present, Jarmin said, there is an increase in demand for goats.

Although total goat inventory in the country is steadily increasing at 2 percent per year, still there is not enough supply to meet current demands. It is expected that this increased demand will last to 2020, the year when supply is projected to meet demand.

The latest data from the Bureau of Agricultural Statistics showed that the total goat inventory as of July 1, 2012 was estimated at 3.72 million heads.

Of the total goat population, around 40 percent were female breeders and 8 percent were male breeders.

There were 32 percent kids, and 20 percent were classified as castrated male and other goat for fattening of the total goat inventory.

In January to June 2012, total goat production was estimated at 36.79 thousand metric tons liveweight. This was 6.57 percent lower than last year’s gross output of 39.38 thousand metric tons.

Goat production is thus a promising venture and anyone interested to go into this business is expected to reap positive rewards.

The Filipino Express

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