Windhoek Buying livestock can help us save money safely so that we dont spend it.
It can also be an investment since it generates an income, like interest that is earned when money is saved in a long-term investment account at a bank. The animals grow or produce off-spring, and the added weight of meat or new calves are similar to interest being earned. In the same way that an animal needs grazing to produce meat for people, businesses need to re-invest to generate profits. Knowing where to invest attention or money is crucial, because if we invest it in the wrong place the business may become weaker, says Selma Shipanga, communication officer at Meatco.
Investing in livestock may earn us more interest than if we invest money in a bank. However, it also has a much higher risk, because if animals are not well looked after they may die, lose value from disease, or they may even be stolen. Investing money in livestock should be approached carefully. Some farmers may think that buying more animals will earn them more income, and thus make them richer. However, sometimes it may be wiser to improve the quality and value of the animals the farmer already has.