Meatco reactivates Contract Feeding Scheme
The Meat Corporation of Namibia (Meatco) recently announced the reactivation of the Contract Feeding Scheme with immediate effect, according to a statement issued this week.
The Contract Feeding Scheme introduced through the Backwards Integration Initiative is an agreement which allows Meatco to buy cattle and place them at a producer’s individual farm/feedlot until they are ready for slaughter.
The animal is, thus, raised/fed in accordance to Meatco’s requirements. Overall, the producer remains responsible for the performance, growth and health of the cattle.
Thereafter, Meatco slaughters the animals when they are ready and pays the participant/producer for each kilogram of live growth achieved during the contract feeding period.
Meanwhile, the company advised producers to contact their nearest Meatco Technical Advisors for more information and assistance as well as with signing agreements.