Cattle Program to Boost GDP

[snoop1130]

 

BANGKOK (NNT) - Deputy Prime Minister Somsak Thepsutin has announced that the initiative to encourage cattle farming among one million households is expected to enhance the nation's Gross Domestic Product (GDP) by 1.4% four years after its launch. 

 

The Deputy Prime Minister explained that promoting cattle farming, especially for members of the village fund program, not only supports the government's efforts to create more export opportunities for cattle but also aids in addressing poverty and promoting vocational training. The program aims to tackle the household debt issue by providing a means for sufficient income through cattle farming.

 

Somsak stated that the village fund's cattle farming promotion would begin with a low-interest loan of 50,000 baht for farmers, enabling them to generate additional income. 

 

Drawing information from a pilot project in Sukhothai province, he highlighted that participants starting with 50,000 baht to purchase two breeding cows have, over four years, increased their herd to ten. Assuming a value of 25,000 baht per cow, ten cows would equate to a total value of 250,000 baht. If extended to one million families, the total value could reach 250 billion baht.

 

Beyond ordinary cattle farming, the Deputy Prime Minister emphasized the promotion of high-value cattle breeding, such as Kobe, Brahman, Tajima, and Angus breeds, and even extending to sport cattle farming. 

 

While regular cattle could fetch between 25,000 and 50,000 baht from the market, premium breeds can command prices up to 200,000 baht each.

 

By Naark Rojanasuvan

 

Source: NNT 2024-02-29

 

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[worgeordie]

This must be for leather industry as who is going to be buying

the tough as old shoes beef , I have given up on Thai beef 

years ago ,and like other things they promote it's going to

lead to an oversupply .

 

regards Worgeordie 

[kickstart]

While regular cattle could fetch between 25,000 and 50,000 baht from the market, premium breeds can command prices up to 200,000 baht each

 

Drawing information from a pilot project in Sukhothai province, he highlighted that participants starting with 50,000 baht to purchase two breeding cows have, over four years, increased their herd to ten. Assuming a value of 25,000 baht per cow, ten cows would equate to a total value of 250,000 baht. If extended to one million families, the total value could reach 250 billion baht.

 

This guy is a typical Thai politician who had no idea about farming these prices are why out of date, and the only 200k cattle you will see will some breeding bull with its pedigree coming probably from the USA . ,and his 50k cattle will be your pedigree breeding females   cattle, not your run of the mill Brahman you see, one of those would be about top book 20k

Now the market has dropped, along with the dairy cow market, to do with feed prices just to high.

 And his facts are wrong, a cow is in calf for 9 months, how can two breeding cows produce 6 calves in four years, even if in the first year they had heifer calves, and they calved, which they will not, and the value of 250k,, with the calves being 50% bulls and heifers, the heifer are worth more than the bulls, and they have not yet grown. 

 They had a scheme 5-6 years ago similar to this that was a failure never got going, like this one will not.