because the dollar was 1500LL it was cheaper to buy imported milk and meat!The question is why wait till now? Why did we not have livestock farms all along? We have poultries.
Plus with interest rate around 12% why would anyone invest in livestock ; it is a stinky business ; and it requires hard work ; it was much easier to simply put the money in the bank!
That's what Riyad Salameh did in the past 30 years ; of course the governments were applauding for him!