How Contract Farming in Poultry Industry Contribute to the Sustainable Community Economic Development of Bangladesh: A Literature Review

Abstract

In agricultural production, contract farming is a widely recognized strategy all over the world where similar type of farmers from different corners of a country are engaging under a single industry. In poultry industry of Bangladesh, Contract Farming (CF) is quite popular. Since inception in 1994, contract farming in poultry industry is quite common and major industrial players of Bangladesh deploy this strategy for gaining competitive advantage. In the CF model, the contribution of an individual farmer to the gigantic production volume of a large poultry farm can’t be denied and, in this way,CF can play a vital role in the sustainable community economic development. The objective of the study is to assess how Contract Farming can contribute in the sustainable community economic development of Bangladesh in the light ofSustainable Development Goals. The study is literature review in nature and secondary sources of information has been consulted. The study concluded that, contract farming is crucial in poultry industry and its contribution in assuring sustainable community economic development is significant.