PA Goat Production - 2007

8/12/2019 PA Goat Production - 2007

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The Philippine Council for Agriculture, Forestry and Natural Resources Research and Development(PCARRD) is one of the sectoral councils under the Department of Science and Technology (DOST).Established in 1972, PCARRD formulates policies, plans, and programs for science and technology-

based development in the agriculture, forestry, and natural resources (AFNR) sectors. It coordinates,

evaluates, and monitors the national research and development (R&D) efforts in AFNR. It also allocates

government and external funds for R&D and generates resources to support its programs.

The first DOST council to earn an ISO 9001:2000 certification for its quality management system,

PCARRD is engaged in active partnerships with international, regional, and national organizations

and funding institutions for joint R&D, human resource development and training, technical

assistance, and exchange of scientists, information, and technologies.

The Council supports the National Agriculture and Resources Research and Development Network

(NARRDN), composed of national multi- and single-commodity and regional R&D centers, cooperating

stations, and specialized agencies. As such, PCARRD has been a potent arm in catalyzing the PhilippineAFNR sectors toward self-sufficiency and global competitiveness.

MAILING ADDRESS PHILIPPINE COUNCIL FOR AGRICULTURE,

FORESTRY AND NATURAL RESOURCES

RESEARCH AND DEVELOPMENTLos Baos, Laguna

TELEPHONES Los Baos - (63) (049) 536-0014 to 536-0015/

536-0017 to 536-0020 & 536-0024

FAX Los Baos - (63) (049) 536-0016/536-0132

DOST Bicutan, Tagig, Metro Manila

(63) (02) 837-1651

E-MAIL [email protected]

WEBSITE http://www.pcarrd.dost.gov.ph

About PCARRD


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Profitability Analysis:

25-doe-level Goat Production

Philippine Council for Agriculture, Forestry and Natural Resources

Research and Development (PCARRD)

Department of Science and Technology (DOST)

Los Baos, Laguna

2007


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First Edition 2007

ISSN: 1908-8043

Bibliographic Citation:

Philippine Council for Agriculture, Forestry and Natural Resources Research and

Development. Profitability analysis: 25-doe-level goat production. Los Baos, Laguna:PCARRD, 2007. 26p. -(Profitability Analysis No.01/2007)


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iii

Icongratulate PCARRD-DOST for coming up with this Profitability Analysis, whichis not just a publication, but more importantly, a science and technology (S&T)-based solution. PCARRD has put together the necessary information that would

make agribusiness venture more technically and financially viable.

The tested package of technology (POT) that PCARRD and its research and

development (R&D) partners have developed and included in this publication,

together with the encouraging financial projections, highlights the role of S&T in

achieving our national development goals.

I am optimistic that with the dissemination of the Profitability Analysis, which

PCARRD has prepared for a significant number of priority commodities

and products, our people will develop greater appreciation of S&T-based

entrepreneurship in agriculture and natural resources sectors.

Hon. ESTRELLA F. ALABASTRO

SecretaryDepartment of Science and Technology

Republic of the Philippines

Mess

age


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iv

Agribusiness is among the flourishing enterprise in the country today. However,many of our people, particularly the small and medium entrepreneurs couldnot easily engage in agribusiness due to constraints in the establishment process.

This publication, the Profitability Analysis, is a very laudable initiative by PCARRD-

DOST having put together a set of solutions addressing startup constraints.

Specifically, this publication contains key technical and financial information

necessary to start, operate, and profit from a science and technology (S&T)-based

agribusiness enterprise.

I commend PCARRD for pursuing the development of this publication. This very

important contribution will definitely help boost entrepreneurship, especially in

the rural sector; create additional income and job opportunities; and promote then

production of high quality agribusiness products.

Cong. LUIS R. VILLAFUERTE

Chair, Committee on Aquaculture and FisheriesMember, Committee on Science and Technology

Member, Committee on Agriculture

House of Representatives

Mess

age


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v

This year, the Philippine Council for Agriculture, Forestry and Natural ResourcesResearch and Development (PCARRD) offers a new technology publication thatpromises to be fully utilizable and handy.

The Profitability Analysis (PA) arose from our yearning to address your needs as

small and micro entrepreneurs, farmers and growers. More than just a handout,

this innovative package of information provides tools to help you gain and secure

a niche in your business enterprise.

The PA series is based on our study of selected commodities. Here you will find the

technical and financial data you will need to put up an agricultural enterprise. It

presents analytical tools you can use in project planning and in predicting how

the business would operate under a set of assumptions. Thus, it ensures that your

projects are technically and economically feasible for implementation. Through

the profitability analysis and other information, we at PCARRD, hope to contribute

substantially in providing livelihood options for Filipinos, especially those in rural

communities.

Specifically, this PA contains the projected income statement and cash flow for a25-doe-level goat enterprise. Also, it contains the standard production system and

information on stocks, management and breeding practices, feeds, and nutrition.

Feel free to use the information in these pages. Contact us for any further

information you may need or better yet, for any suggestions on how we can make

this publication better. Together, we can improve the production system for goat

and seal its importance in our national economy.

PATRICIO S. FAYLON

Executive Director

Forew

ord


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Message from Secretary Estrella F. Alabastro iii

Message from Congressman Luis R. Villafuerte iv

Foreword v

Introduction 1

Package of Technology 21

Profitability Analysis

Projected income statement, goat production, 25-doe level 3

Projected cash flow, goat production, 25-doe level (30% equity, 70% loan) 3

Technical assumptions 5

Financial assumptions 5

Initial investment and working capital, 2006 7

Working capital of 25-doe level, 2006 7

Depreciation table (Straight Line Method) 7

Amortization table 7

Herd projection 9

Monthly cost and return, Year 1 11Monthly cost and return, Year 2 13

Monthly cost and return, Year 3 15



Contents


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2 Profitability Analysis of 25-doe-level Goat Production


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Production system Semi-intensive

Stocks

Doe Native

Buck Purebreed

Buck to Doe Ratio 1:25

Buck productivity 100 services/year for 5 years

Carrying Capacity 15 animals/ha

Housing (sq.m.)

Doe 1.5/head

Buck 2.0/head

Growing 1.0/head

Land Area 2 ha for 25-doe level

Type of Housing and Fencing Materials Permanent/semipermanent

Male-to-Female Ratio 1:1

Conception Rate 80%

Kid Size 1.5

Kidding per Year 3 times in 2 years

Culling Rate 20%

Concentrat e Consumption 100g/ day per head x 180 days

Forage Consumption 5kg/day

Kinds of Forage Napier and Leguminous species

Mortality Rates (per year)

Matured 5%

Growing 10%

10%Kid

Urea-molasses-mineral-block (UMMB) 65g/day per head for 3 months (dry season March-May)

Concentrate Feed 100g/day per head for 180 days

Technical assumptions. Financial assumptions.

Housing P500/head

Fence P6600 for 2 ha (Barb wire at 1,200/30kg)

Land Rent P6900/ha based on rent of rainfed rice land of 15 cavans/

year at 46kg/cavan at P10/kg

Cost of Stocks

Doe (native) P2000/head

Buck (Purebreed ) P30000/head

Buck Service P150/service

Labor P165/day at 183 days/year

Concentrate Feed P10/kg

Urea-molasses-mineral-block (UMMB) P20/kg

Veterinary Drug and Supply P50/head per year

Transportation 2 market trips per month at P60/trip

Forage and Pasture Development P10000/ha

Forage and Pasture Maintenance P4000/ha

Selling Price:

Fattener P2500/head

Replacement P4000/head

Culled Does P3000/head

Culled Buck P7500/head

Average Marketable Weight 25 kg (8 months minimum)

Life Span of Housing and Equipment, and Fencing 10 years

Rate Interest on Capital 16%

Source of Loan Quedancor at 16% interest and 3% service charge payable

in 5 years

Investment Cost* P133,936.25

70% Loan P93,755.38

30% Equity P40,180.88

Depreciation Method Straight line, salvage value = 0

NPV Discounting Rate 19%


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Activity Year 1 Year 2 Year 3 Year 4 Year 5

Initial Stock 25 30, born in Feb-April 30, born in February to April

Bred 25 Does January to March May to July January to March May to July January to March

Born (10% kid , 10% growing,

5% matured moratlity rates

June to August October to December June to August October to December June to August

3 0, bo rn on Jun e to A ug us t 30 , b orn in Oc to be r t o D ec embe r 30 , b orn on Ju ne to Au gus t 3 0, bo rn in Oc tob er to De ce mb er 3 0, bo rn on Ju ne to Au gu st

Sold December (born in June) January (born in July previous year ) June (born Oct ober previous year) January (bor n in July previous year) June (bor n October previous year )

6 fattener 6 fattener 6 fattener 6 fattener 6 fattener

4 breeder 4 breeder 4 breeder 4 breeder 4 breeder

February (born in August

previous year)

July (born November

previous year)

February (born in August

previous year)

July (born November

previous year)

6 fattener 6 fattener 6 fattener 6 fattener

4 breeder 4 breeder 4 breeder 4 breeder

October (born i n February) August (born December

previous year)

October (born i n February) August (born December

previous year)



November (born March) December (born in June) November (born March) December (born in June)



December (born April) December, 5 culled does December (born April) 25 culled does (stock does)

6 fattener 6 fattener 1 breeding buck

4 breeder 4 breeder

May, 5 culled does May, 5 culled does

Bred 25 Does September to November (to be

born in February to April the

next year)

September to November (to be

born in February to April the

next year)

Beginning Inventory 25does 25 does 25 does 25 does

1 buck 1 buck 1 buck 1 buck

20, 45 months old 30, 02 months old 20, 45 months old 30, 02 months old

Ending Inventory 25 does 25 does 25 does 25 does 0

1 buck 1 buck 1 buck 1 buck

20, 45 months old 30, 02 months old 20, 45 months old 30, 02 months old

Herd projection.


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Monthly cost and return, Year 1.

Year 1 Jan. Feb. Mar. Apr. May Jun. Jul. Aug. Sep. Oct. Nov. Dec. Total

Income

Sales

Fattener 15,000 15,000

Replacement 16,000 16,000

Culled Does 0

Culled Buck 0

Buck Service 1,200 1200 1,200 1,200 1,200 1,200 7,200

Total Sales 0 0 0 1,200 1,200 1,200 1,200 1,200 0 0 0 32,200 38,200

Costs

Labor 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 30,195

Concentrate

25 Does 375 375 375 375 375 375 375 375 375 375 375 375 4,500

Kid 900 600 1,500

Vet Supply

25 Does 1,250 1,250

Kid 500 500 500 1,500

UMMB 1,218.75 1,218.75 1,218.75 3,656.25

Light and Water 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 2,000

Transportation 120 120 120 120 120 120 120 120 120 120 120 120 1,440

Repair and Maintenance

Housing 1,960

Forage and Pasture 0

Land Rent 13800 13,800

Amortization

Principal 13,632.91 13,632.911

Interest 15,000.86 15,000.86

Service Charge 2,812.66 2,812.661

Total Costs before Amortization 61,801.25


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Income

Sales

Fattener 15,000 15,000 15,000 15,000 15,000 75,000

Replacement 16,000 16,000 16,000 16,000 16,000 80,000

Culled Does 15,000 15,000

Culled Buck

Buck Service 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 1,200 10,800Total sales 32,200 32,200 1,200 1,200 15,000 0 0 1,200 1,200 32,200 32,200 32,200 180,800

Costs

Labor 2,516.25 2,642.06 2,642.06 2,642.06 2,642.06 2,642.06 2,642.06 2,642.06 2,642.06 2,642.06 2,642.06 2,642.06 31,578.94

Concentrate

25 Does 375 375 375 375 375 375 375 375 375 375 375 375 4,500.00

Kid 300 150 150 300 450 450 300 150 2,250.00

Vet Supply

25 Does 0.00

Kid 500 500 500 1,500.00

UMMB 1,218.75 1,279.69 1,279.69 3,778.13

Replacement Doe 10,000.00 10,000.00

Light and Water 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 2,000.00

Transportation 120 120 120 120 120 120 120 120 120 120 120 120 1,440.00


Housing 1,960.00

Forage and Pasture 8,000.00

Land Rent 13800 13,800.00

Amortization

Principal 15,814.18 15,814.18

Interest 12,819.59 12,819.59

Service Charge 2,403.67 2,403.67




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Income

Sales

Fattener 15,000 15,000 16,537.5 16,537.5 63,075

Replacement 16,000 24,000 26,460 26,460 92,920


Culled Buck

Buck Service 1,200 1,200 1,200 1,200 1,200 1,200 7,200Total Sales 0 0 0 1,200 1,200 32,200 40,200 44,197.5 0 0 0 59,197.5 178,195

Costs

Labor 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 30,195

Concentrate

25 Does 375 375 375 375 375 375 375 375 375 375 375 375 4,500

Kid 900 600 1,500

Vet Supply

25 Does 0

Kid 500 500 500 1500

UMMB 1,218.75 1,218.75 1,218.75 3656.25

Replacement Doe 10,000 10,000

Light and Water 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 2,000

Transportation 120 120 120 120 120 120 120 120 120 120 120 120 1,440


Housing 1,960

Forage and Pasture 8,000

Land Rent 13,800 13,800

Amortization

Principal 18,344.45 18,344.445

Interest 10,289.33 10,289.325

Service Charge 1,929.25 1,929.248




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Monthly cost and return Year 4


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Income

Sales

Fattener 15,000 15,000 15,000 15,000 15,000 75,000

Replacement 16,000 16,000 16,000 16,000 16,000 80,000


Culled Buck

Buck Service 1,200 1,200 1,200 1,200 1,200 1,200 1200 1,200 1,200 10,800

Total Sales 32,200 32,200 1,200 1,200 15,000 0 0 1,200 1,200 32200 32,200 32,200 180,800

Costs

Labor 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 30,195.00

Concentrate

25 Does 375 375 375 375 375 375 375 375 375 375 375 375 4,500.00

Kid 300 150 150 300 450 450 300 150 2,250.00

Vet Supply

25 Does 0.00

Kid 500 500 500 1,500.00

UMMB 1,218.75 1,218.75 1,218.75 3,656.25

Replacement Doe 10,000.00 10,000.00

Light and Water 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 166.666 2,000.00

Transportation 120 120 120 120 120 120 120 120 120 120 120 120 1,440.00


Housing 1,960.00

Forage and Pasture 8,000.00

Land Rent 13800 13,800.00

Amortization

Principal 21,279.56 21,279.56

Interest 7,354.21 7,354.21

Service Charge 1,378.92 1,378.92




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Income

Sales

Fattener 15,000 15,000 15000 15,000 60,000

Replacement 16,000 16,000 16000 16,000 64,000


Culled Buck 7,500 7,500

Buck Service 1,200 1,200 1,200 1,200 1200 1,200 7,200

Total Sales 0 0 0 1,200 1,200 32,200 32,200 32200 0 0 0 114,700 213,700

Costs

Labor 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 2,516.25 30,195

Concentrate

25 Does 375.00 375 375 375 375 375 375 375 375 375 375 375 4,500

Kid 900 900 1,800

Vet Supply

25 Does 0

Kid 500 500 500 1,500

UMMB 1,218.75 1,218.75 1,218.75 3,656.25

Replacement Doe 0 0

Light and Water 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 166.67 2,000

Transportation 120 120 120 120 120 120 120 120 120 120 120 120 1,440

Repair and Maintenace

Housing 1,960

Forage and Pasture 8,000

Land Rent 13800 13,800

Amortization

Principal 24,684.29 24,684.285

Interest 3,949.49 3,949.485

Service Charge 740.53 740.528


y ,


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Profitability Analysis of 25 doe level Goat Production 21


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Profitability Analysis of 25-doe-level Goat Production 21

Package

ofTechno

logy Production System Full confinement

Semi-intensive

Stocks

Doe Native (mature weight of 20 kg);

crossbreeds

Buck Purebreed (Anglo Nubian/Boer)

or 75% of either exotic breeds

Selection of

foundation Stocks Consider both the physical features

and the productive and reproductiveperformance of the animals. If

performance data are available,

choose stocks based on the number

of offspring weaned per year per doe

exposed to buck, mortality, length

of production life for each sex, and

incidence of major defects Get the foundation stocks from reliable

and reputable sources

Impose strict selection on breeder

bucks

Housing

Floor space area

Doe 1.5 m2/head Buck 2.0 m2/head

Growing 1.0 m2/head

Type of housing Permanent/semipermanent; well-

ventilated, elevated, well-drained and

easy to clean

Materials Must be suitable to local conditions

and depend upon the availability ofthe materials in the locality and the

financial capability of the raisers



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22 Profitability Analysis of 25 doe level Goat Production

Management Practices

Breeding buck Starting at weaning (3 months), separate uncastrated buck

kids from the doe kids to avoid premature breeding

Provide higher energy ration and sizeable space for exercise

Trim hooves of buck carefully

Doe and newborn kids

Clip bucks hair and wash face with soap and water as a

sanitary measure to reduce odor and control lice

Groom the buck regularly and give an occasional bath

Allow nonpregnant females to run with the buck

Record breeding dates to prevent the doe from kidding

unexpectedly Separate expectant females from the rest of the herd about

1 week prior to delivery. Keep these animals in a separate

paddock/pen for closer observation

With the signs of approaching kidding, place the doe in a

bedded dry stall (1 m x 1.5 m)

Check the doe at half-hour interval and give her every

chance to kid without assistance As soon as the kid is born, wipe the body to dry immediately.

Remove any mucus that may be clogging the nose to enable

it to breathe freely. Tie a string around the umbilical cord

23 cm from the base of the navel. Cut the cord after the

knot and dip the navel in tincture of iodine. Place the kid in

a specially prepared kidding box and keep it out of draft. If

possible, place it under sunshine to dry off and strengthen

the kid After kidding is over and the stall has been cleaned, offer

water to the doe. After a while, offer quality forage and

concentrate

Kids Ensure that the kid receives the first milk or colostrum

If for any reason the kid cannot take colostrum, give the kid

a liberal dose (from a teaspoonful to a tablespoonful) of any

vegetable oil or a little milk with fresh egg white Allow the kid to run with the doe for 35 days



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P ofitability A alysis of 5 doe level Goat P oductio

Guard against wet bedding in kids pen. Change beddings of

kids two or three times daily

Protect kids from cold temperature by installing curtain

sacks along side the housing or place brooder boxes inside

the shed

Remove the horn buds when the kid is about 3 weeks old

using hot-iron cautery

Castrate 24-week-old buck kids not intended for breeding

Allow the kids to run with their mothers in a clean pasture or

freshly bedded pen after castration. Avoid exciting them in

any way

Weaner/Grower Separate buck weanlings from the breeding herd to preventdoe weanlings from being bred too young

Allocate a separate paddock for weanlings or growers

Excess number of males can either be sold as breeders or

grown as slaughter animals

Observe and record the growth performance and health

condition of the animals

Practice culling whenever necessary Allow the doelings, 810 months old, to run with the

breeding herd as these are now ready for breeding

Breeding Practices

Does Breed does for the first time when these are about

8-month-old, well grown, in good health, and weigh not less

than 15 kg for native and 20 kg for crossbreeds

For maiden does, two services are recommended, althoughone service can make a doe pregnant as goats are generally

prolific. When hand mating is being practiced, breed the doe

upon observation of heat and repeat 12 hours after. Does

with estrous period lasting for 3 days may be bred on the

third day

Rebreed does that return to heat in about 21 days. Failure

of the does to conceive after breeding with proven buck fortwo cycles can be a good reason for culling them from the

herd



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f y y f d G d

Bucks A buck must be at least 1 year old at first breeding

In controlled mating/hand mating, do not use a mature buck

in more than four services weekly

In unrestricted breeding, the breeding load should be one

buck for every 25 does or less depending on the size, terrain,

and vegetation of the pasture

Nutrition/Feeds

and Feeding

Nutrients Provide ample amounts of water, carbohydrates, proteins,

fats, minerals, and vitamins

Classes of feeds Roughages: cheapest sources of nutrients that includegrasses, legumes, crop by-products, and tree/shrub leaves

Concentrates: feeds low in fiber and high in energy content,

e.g., rice bran, corn bran, copra meal, cane molasses, etc.

Practical feeding Provide goats with unlimited access to fresh grass and

legume. Give 23 kg of fresh leaves of trees and shrubs such

as ipil-ipil, kakawate, flemingia, sesbania, desmanthus,

rensonii, among others Provide the animals additional sources of protein, energy,

and other nutrients, e.g., UMMB, when lower quality

roughages like native pasture grasses and mature improved

grasses and legumes are part of the diet

Supplement with concentrate at 30% of the dry matter

intake to further improve performance

When available and accessible, agro-industrial by-products

like brewers spent grains, pineapple pulps, molasses, andbanana rejects are good basal feeds for productive goats

Feeding guides Please see the Philippines Recommends for Goat Farming

page 62, Table 12

Herd Health Management

Suggested pointers When buying or selecting your breeder stocks, examine

the animals for the presence of superficial lumps/abscessesby running your hands on the neck, abdominal, and pelvic



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f y y f G

regions. The presence of lumps/abscesses indicates caseous

lymphadenitis and there is a high possibility that these

could infect the herd. Also check for the presence of wartlike

lesions in the mouth

Provide good housing. It should be elevated, ladderized, and

can be cleaned easily

Deworm newly bought animals with an effective dewormer

(e.g., Vermisantel, Ivermectin, Levamisole) upon arrival in the

farm and isolate these for 30 days

Deworm animals when signs (diarrhea, loss of weight,

ruffled hair coat, pot bellied, etc.) of parasitism is observed.

For pregnant does, deworming is done 34 weeks prior toexpected kidding

Provide rehydration fluids (oresol) to sick and weak animals

In regions where foot and mouth disease (FMD) is prevalent,

vaccinate the animals with FMD vaccine. Likewise, if

hemosep vaccine is available, vaccinate them as well

Check for the presence of lice. A practical way to do this is

to observe the haircoat of the animals. If haircoat is alwaysruffled and the animals are always scratching their body

using their head, horns, or against the wall, it could mean

that they have lice. Delouse the animals with an effective

insecticide (e.g., asuntol, ivomec, and neguvon powder, and

follow the instruction for application)

Marketing

Marketing Tips Know the prevailing market price Sell during periods when prices are most favorable or when

the demand is high

Organize and plan your marketing strategy to do away with

unscrupulous traders

Raise only good-quality animals (e.g., upgraded) to gain

higher profits. Upgraded animals have bigger body

conformation and grow faster than native animals; hence,turnover of capital is faster



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f y y f

Castrate male kids that are intended for slaughter

Dispose all marketable animals readily. There is no

advantage in keeping disposable animals; these will just add

up to your expenses

Do not market diseased and pregnant animals

Know the buyers preference in terms of weight, sex, breed,

and age

If possible, sell animals based on weight rather than on a per

head basis

Possible Loan Sources QUEDANCOR Program for Agri-Fishery SME (QP-ASME)

16% interest rate with 3% service fee The borrower must have equity equivalent to 20% of the

project cost. The borrowers equity can be in the form of

agri-fishery machinery and equipment, inputs, or labor.

Collateral Requirements:

1. At least 80% Real Estate Mortgage (REM) or 80%

combination of REM, non-interest bearing cash trust

fund, bank/time deposits,

LandBank/government bonds/securities and similar

investments

2. Deed of Assignment of Receivables supported

by a Marketing Contract/Agreement, if

applicable

LANDBANK Easy Pondong Pang-Asenso (EPPA)

Interest rate is based on the prevailing market rate Up to 80% of the total project cost; borrower has to put up

the remaining 20% as equity, either in cash or in kind

Collateral Requirements:

1. Real Estate/Chattel Mortgage (REM/CM)

2. Hold out on deposits

3. Assignment of receivables and/or inventories

4. JSS Principal Stockholders/Officers 5. Guarantee cover from Small Business Guarantee and

Finance Corporation (SB Corporation), if applicable


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Credits

Production: PCARRD Secretariat with the support of the livestock research, planning and

development, socio-economics research, and the applied communication divisions

Content Analysts: Elaine F. Lantingand Edwin C. VillarInvestment Analysts: Marilyn M. Elauriawith Don Joseph M. Medrana

and Don Thed J. Ramirez

Editor:Joel Eneristo A. Joven

Layout and Design: Paul Jersey G. Leron

Photo Credits: Eric E. Perez and Ana Marie P. Alo

Production Assistant: Carmelita B. Alamban

Special thanks to: Patricio S. Faylon, Leah J. Buendia, Albert P. Aquino,

and Lily Ann D. Lando


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PA Goat Production - 2007