Financing Project on 3-parties contract farming on Pig raising
Apart from a rice sector, the Agricultural and Rural Development Bank (ARDB) has been implementing the diversification financing project on agricultural sub-sector on order to promote the implementation contract farming to ensure the market through the implementation of the three-parties contract farming on pig raising. The ARDB is to provide financing at the favorable interest rate to farmers and the project is involved by private companies as input supplier also the collector of pigs from the farmers. Through the project, the farmers can get profit margin of 11-17% per cycle feeding. The project encourages all stakeholders to respect each other through a three-parties contract farming to supply quantity and quality in accordance the market price and to serve the demand of local market and export.
The costumers will get benefits from the three-parties contract farming project such as:
- The costumers can withdrawal cash by the stage of the business as cheques to order the piglet-feed and vaccine from the supplier, who is also the collector. By using cheques, it makes easy and is efficient for cash management.
- Ensure and provide trust, market stability for farmers as producers by proper monitoring and standard technician providing and market price by piglet-feed and vaccine supplier as collector.
- Be Able to expand business and restore the family economy.