The agriculture sector forms the heart of the Bangladesh economy, accounting for 39% of the total employment in the country, In the FY2020-21 budget, the development expenditure of BDT 118.68 billion earmarked towards agriculture marks a 4.59% growth since FY2019-20. The sector-wise breakdown for this project is as follows:
Livestock Sector: Bangladesh has emerged as one of the fastest growing market for meat, eggs and dairy products in South Asia. With a population of over 165 million, the 8th biggest in the world and a rising income which reached US$1,358 GDP Per Capita, the demand is expected to accelerate further. The Government has initiated incentives in transforming the livestock and dairy industry to provide food security, generate export earnings and livelihood for a growing population. As a result, the livestock sector is currently undergoing a rapid transformation process through the adoption of modern farming systems and improving downstream processing industry.
Poultry Sector: Food is a source of joy for people around the world, but those limited by their resources have to resort to basic staples. This is especially true in developing countries like Bangladesh, where rice and potatoes act as staples. However, these do not satisfy protein requirements which are essential for nutrition and health. The availability of cheap and accessible protein through the poultry sector, as a result, has been a considerable development.
Chicken and egg are the cheapest sources of protein available in developing countries, compared to the more expensive sources like beef and fish. In Bangladesh, too, poultry is the most consumed protein. The investment in the sector is approximately $4.16 billion which is expected to double in the next decade, and the number of poultry farms increases at an average of 15% annually. The poultry sector contributes around 1.5% to the GDP of nearly $250 billion, making it the second-largest sector after ready-made garments.
Poultry dominates local consumption due to higher availability and affordability, and this consumption has been increasing due to rising incomes. The rise of the popularity of processed and frozen food in both homes and the growing restaurant industry has also increased the demand for poultry meat, especially in expanding urban areas. This has boosted production, especially as poultry rearing is profitable.
Fisheries Sector: Bangladesh’s agricultural sector contributes 14.2% of GDP, employing 47% of the working population, with 17 million people (1.4 million women) depending on fisheries sector for their livelihoods through fishing, farming, fish handling, and processing. Agricultural sector has experienced significant growth over the last couple of decades, with the fisheries sector following suit. According to the data from the Yearbook of Fisheries Statistics (2015-16), the current CAGR for the fisheries sector is 5.28% over the last 10 years. According to industry estimates, fish production will reach 5.02 million metric tonne within 2020-21.
Fruit & Vegetables Sector: Bangladesh has already achieved food security in staple crops like rice, potatoes, and vegetables. Bangladesh is the third largest growing vegetable producer and the tenth largest tropical fruit producer in the world.
A.B. Farm House Limited (ABFH) has already started an agro-based project which involves Calf Fattening, Black Bengal Goat Farming, Fish Harvesting (Pangas, Telapia, Rui & Katol), Swan/Duck Farming, Domestic Hen Farming, Organic Fruits and Vegetables farming.
Calf Fattening: In this ongoing project, there will be two types of cow fattening. One is regular and the other is especially for Eid Ul-Azha. The installed capacity for fattening would be 800 calves in each year where 600 calves for regular fattening and 200 calves for Eid Ul-Azha.
For fattening, there will be total four (04) batches in a year where there will be 200 calves in each batch.
The age of each calf will be 12-18 months and live weight of each calf will be around 200 kg. Weight gain within 90 days will be 70-90 kg. The herd will be kept in the farm for 90 days and mortality rate has been considered 1.00%.
Black Bengal Goat Harvesting: The installed capacity of the project would be 1,000 does and 100 bucks. Kidding/Year will be 1,500 and new 1,500 male kids and 1,500 female kids will be born. Mortality rate for male and female kids has been considered 20.00%. Live body weight of male kids will be 16 kg and female kids will be 14 kg.
Fish Harvesting: In this project there will be four (04) ponds where Pond-1 will be 5 acres, Pond-2 will be 2 acres, Pond-3 will be 1.50 acres and Pond-4 will be 1.50 acres. Yearly production will be 350.00 MT Pangas from Pond-1, 140.00MT Telapia from Pond-2, 5.25 MT Rui from Pond-3 and 5.25 MT Katol from Pond-4. The total fish harvesting days will be 365 and there will be yearly One (01) harvesting circle.
Other Revenue Sources: Other revenue sources of this project will include Swan/Duck, Domestic Hen,
Organic Mango and other fruits and Organic Vegetables.
Every Year, 2500 pcs/7500 kg swan/Duck will be Cultivated, 10000 pcs/25000 kg deshi Hen will be Cultivated, 10000 kg Mango and other fruits will be Cultivated and 30,000 kg Organic Vegetables will be Cultivated.
The project is located at Jamtara, P.O: Amnura, Thana: Chapainawabganj, Dist-Chapainawabganj, Bangladesh.