Land Bank now offers its clients an opportunity to purchase livestock using the latest available animal identification technology.

 

The product is aimed at clients who:

• Have an established herd of stud animals; or

• Are involved in extensive beef production; or

• Have an established herd of dairy cows

 

And who wish to expand their herds, without offering land for security purposes. It can also be used to finance high value game and horses.

 

This is a medium term loan where the animals bought and the client's existing animals form the most important security - the animals belong to the Bank until the loan has been repaid.

 

Clients who have an established herd of animals can offer their existing animals as security to purchase more animals. The animals purchased and those offered for security are micro-chipped for the client. The micro-chip will provide an unique identity for each animal and can be used to identify animals in case of stock theft. The client also obtains access to an online database of their animals that can be customised to suit the client's specific needs for record-keeping purposes. Land Bank will also finance a scanner for the client's personal use if the clients wish to include it in the loan.

 

The micro-chips are completely safe for the animal and humans. It remains in the animal for life and the client can use the technology even after the loan has been repaid. When animals are sold, transfer of ownership can be registered electronically.