SHEEP breeders in Kantbalu Township are seeking loans to expand their livestock breeding farms.
Currently, the average farmer breeds between 40 and 50 sheep. Many are in need of financial assistance to sustain their breeding activities, according to local farmers. An adult sheep is worth around K100,000 and are primarily sold to be butchered and sold as food, said Kyaw Aung, a sheep farmer from Chin Myint Village, Kantbalu Township.
Local farmers prefer to breed sheep rather than goats as the former are easier to graze. The Global Treasure Bank previously disbursed K59 million (US$45,300) in loans to local breeders in Kantbalu in April 2015.
Local farmers in the arid zone are relying on farming of cattle for their livelihood.
Meanwhile, some farmers grow peas and pulses in winter.
Aung Win Nyein