Once a promising sector, turkey farming in Bangladesh has experienced a significant downturn since its peak in 2019. A recent survey indicates that the number of turkey farms has plummeted to approximately 400, a sharp decline from the 5,000 farms that thrived several years ago. This collapse is attributed to unstable market prices, inadequate marketing strategies, and insufficient advertising, leaving many farmers struggling to stay afloat.
Government Intervention
In response to the crisis, the Bangladeshi government is considering a stimulus package aimed at revitalizing the turkey farming sector. The initiative seeks to address the key challenges that led to the decline, including market volatility and lack of promotional support. Details of the package are still under discussion, but it is expected to include financial aid, training programs, and assistance with marketing and distribution.
Hope for Farmers
The proposed stimulus offers a glimmer of hope for turkey farmers who have faced considerable hardship. Many had invested heavily in their farms, encouraged by the initial success of turkey farming in the country. However, without a stable market and effective support, the sector has struggled to maintain its momentum. The government’s intervention is seen as a crucial step towards restoring confidence and fostering sustainable growth.
Experts’ Recommendations
While the stimulus package is a welcome development, experts emphasize the importance of a comprehensive approach that addresses the underlying issues. This includes establishing a robust marketing plan, promoting consumer awareness, and ensuring stable market prices. With the right strategies in place, turkey farming has the potential to once again become a viable and profitable venture for Bangladeshi farmers.
