There are 49.5% of family farms in Bangladesh
Thus, according to the expert, the GDP growth rate in Bangladesh has averaged 6.95% over the past four years. During the COVID-19 pandemic, the figures were 5.2%. It is expected that for the period 2020-2021, they will be restored to 7.5%.
Further, the annual increase in the GDP rate will be around 8%, and by 2025 it will reach 8.51%.
The share of livestock production, according to Mohammad Mohi Uddin, is 1.47% of the total GDP in Bangladesh, which in monetary terms is equal to $ 348 billion.
The country also has a state support service for farmers and various projects for the development of animal husbandry.
The expert noted that at the moment farmers need more opportunities for management, as well as an increase in the size of herds, high productivity, savings production scale, the emergence of new entrepreneurs in this sector.
‘Dairy products are a key sector for Bangladesh, providing a livelihood for about 7.5 million farming families. The number of dairy farms in this country is 1.48 million. On average, there are 2.7 cows per farm. And the number of jobs is 5.6 per 100 kg of milk,’ said Mohammad Mohi Uddin.
According to him, the number of cows on home farms varies from 1 to 3, on family farms – from 4 to 6, and on business farms there can be more than 16.
At the same time, according to the global livestock database, the share of personal subsidiary farms in Bangladesh is 41%, family farms – 49.5% and business enterprises - 9.5%.
‘As for consumers, there is an increase in demand for milk among them. People have become positive about its consumption. In addition, there was an increase in per capita income in 2020. Nominally, it reached $ 2,064. And the demand for safe and high-quality milk and dairy products contributes to the fact that the price of milk is so high,’ says Dr. Mohammad Mohi Uddin.
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