It is not unusual to use cows as collateral, but it is rarely heard of using cows as collateral. "Unlike real estate, land, etc. The cattle mortgage loan is a loan issued to farmers and herdsmen with cattle as collateral. " Liu Xianhui, president of Youzhongqi Sub-branch of Agricultural Bank of China, said that this new loan model has played an important role in alleviating the shortage of collateral and selling live livestock assets.

In the past, it was difficult for farmers and herdsmen to obtain credit funds because of the lack of collateral. "In the past, there was a saying in the pastoral area:' Those who are rich and hairy are not counted'. Cattle, sheep and other livestock are easily affected by climate, epidemic diseases and other factors. For example, a heavy snow may kill all the sheep overnight. " Liu Xianhui said that because of this, banks are often afraid to use cattle and sheep as collateral for loans, and farmers and herdsmen, except cattle and sheep, usually lack real estate and other collateral that meets the requirements of banks, resulting in their long-term inability to obtain credit funds.

Without the support of credit funds, it is difficult for farmers and herdsmen to continuously expand the scale of farming. "In the past, if I wanted to improve my life or buy cattle again, I could only sell cattle. It is difficult to expand the scale of farming and increase income slowly. " Lao Wu said.

The emergence of cattle live mortgage has changed the "cycle" of this kind of business.

Look at the scale of farming first. "After I got the loan, I bought 22 basic cows and all gave birth to calves. Some of the original cows also gave birth to calves.