EDITOR — Your story headlined “Nyambirai’s three legged vision” refers. I have been skeptical about this idea whereby Tawanda Nyambirai’s company has now established TN Livestock Trust to compliment its operating units. From the day I heard about this idea I am still not convinced that this will work particularly in rural areas for the following reasons; -The non-divisibility of cattle to accurately determine the value of calves born in TN Livestock Trust ranches. For example, a farmer who delivers a cow with high fertility rates to TN will forgo about two calves, given that a cow can drop a calf in every 285 days. Thus even if a cow is rested for 55 days, it will only need 625 days to produce the two calves. According to TN terms and conditions the original cow can only be “redeemed” after 730 days, meaning that the bank will be unjustly enriched. -The valuation method of the cattle to determine the units allocated to depositors of cattle is likely to open floodgates of criticisms and possibly litigation. TN has postulated that a depositor will get units equivalent to the value of the underlining investment- cattle. How is valuation going to be conducted, and is it going to be fair to cattle farmers in rural areas? – Cattle is highly sensitive to rural farmers, more so in our African culture, where it represent so many things, including being insurance against low frequency high impact risk events. It can create friction in families and will naturally suck in TN, if, for example, some special cattle (mombe dzehumai) are deposited. So we urge TN to go back and address the above and come back with convincing answers.
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