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Govt buying 33 bulls for $26 million
The government yesterday announced that it is buying 33 bulls for a price of $26 million.
The bulls are being imported from Florida and would be used as part of a programme to boost beef exports.
The announcement was made by Dr Roger Luncheon. The spending means that one bull would cost some $800,000.
The particular bulls being bought are of the species Brahman, Beef Master and Brangus. The bulls are commonly used for breeding and meat purposes.
A red Brahman bull
The bulls are being imported under the Agriculture Diversification Programme (ADP). The programme is intended to contribute to the increase of Guyana’s export growth rate and reduce its volatility.
In this regard, the programme was designed to establish services and institutions for a sustainable increase in the income derived from the export of non-traditional agricultural exports in the aquaculture, fruits and vegetables, and livestock sub-sectors.
At the end of the five-year Inter-American Development Bank (IDB) funded Programme the government expects to move meat exports from US$60,000 to US$7.2 million.
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