Livestock leasing system followed at Cowbank
Cowbank provide healthy livestock to dairy farmers with a procedure that involves nine steps. These steps are classified into enquiry, application, credit approval, selecting the breed, settlement, payments, herb audit and customer education and other events.
Cowbank recommend customers to start with an enquiry regarding the farm and the type of breed that would be suitable for their business. During enquiry period, the team at Cowbank would ask few questions related to customer’s farm. Later Cowbank will send an information letter along with an application form to provide personalised options for customers’ dairy farm.
The next stage is where a field service officer will take a visit to customer’s farm in filling the application form and fill in the farm report that covers all physical aspects of farm and cows. Once the application is processed, the team at Cowbank will analyse the financial and milk production information. As the credit is approved, customers will receive an official fax or formal letter with details of the contract.
Customers can select cows at Cowbank. If customers are selling their cows to Cowbank to lease them back, then Cowbank would need a list of the cow identifications involved and valuation of the herd. Finally customers need to sign in the legal document.
13-Aug-2008