No land, or farming skills? Got R8000? Here’s how to own cattle…
Farmers with excess land are continually approaching us.Ntuthuko Shezi, Livestock Wealth
I have yet to meet a black man who does not want to own cattle.Ntuthuko Shezi, Livestock Wealth
“Crowdfunding” refers to the practice of bankrolling a venture by raising money from many people who each contribute a relatively small amount, typically via the internet.
Livestock Wealth CEO Ntuthuko Shezi, however, subverted the concept into, what he calls, “crowd-farming”.
Here’s how it works:
Investors buy a six-month-old calf (for about R8000).
The calf is raised by Livestock Wealth on a farm it leases (investors pay a farming and insurance fee of R299 per month).
Investors can expect, according to Shezi, a return of roughly 14% a year.
For more detail; listen to the interview in the audio below (and/or scroll down for quotes from it).
Cows have always been a source of wealth! Wars have been fought over cattle!Ntuthuko Shezi, Livestock Wealth
You can farm on land you don’t own.Ntuthuko Shezi, Livestock Wealth
Buy a cow… and share in the profits of the farm…Ntuthuko Shezi, Livestock Wealth
In South Africa, 80% of land is used for livestock farming.Ntuthuko Shezi, Livestock Wealth
You don’t want all your cows in one area…Ntuthuko Shezi, Livestock Wealth
We’re changing the way farming is done…Ntuthuko Shezi, Livestock Wealth
Cows need to go to the grass [not the other way around]…Ntuthuko Shezi, Livestock Wealth
65% of our customers are black… we’ve got white-Afrikaans people…Ntuthuko Shezi, Livestock Wealth
It’s an investment where you can see your money grow.Ntuthuko Shezi, Livestock Wealth
Everyone who owns a cow contributes to an insurance fund [in case a cow dies].Ntuthuko Shezi, Livestock Wealth
From day one we’ve been very pedantic about getting the governance right.Ntuthuko Shezi, Livestock Wealth
The current savings products in South Africa are not easy to understand for the majority of the population.Ntuthuko Shezi, Livestock Wealth
A cow is very much like a human being… If you understand how humans work, you can understand cows!Ntuthuko Shezi, Livestock Wealth
We do ‘it’ naturally - bulls and cows.Ntuthuko Shezi, Livestock Wealth
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
This article first appeared on 702 : No land, or farming skills? Got R8000? Here’s how to own cattle…