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The idea is to have all cattle in the country, profiled and titled with a legal instrument that is a recognition of ownership, is transferrable, can be mortgaged for financing and can be fully commercialized by being traded on an electronic platform. Small holder cattle farmers will be able to raise financing against their existing small number of animals, to grow their herds and large scale farmers will have the opportunity to have ‘herd securitisation’ where a group of animals will be registered, valued and securitised under one certificate against which they can borrow a lump sum of funds from a financing institution. There will also be a crowd funding option for persons with ‘small’ monies that they would have otherwise wasted away in non-productive activities like betting and alcoholism, to invest into well vetted and certified small, medium and large scale cattle farms with amounts as low as 10,000 UGX, for a fixed interest rate and fixed period, hence also giving the opportunity to these cattle farmers to raise crowd funding to expand their investments. The electronic cattle commodity exchange will also give the cattle farmers whose cattle is profiled and titled, to sell them to a global market that will give them much better prices than the exploitative middlemen that have been buying from them at their farms or in the village cattle markets.
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