It is known that the anaerobic fermentation of organic matter (OM) is divided into 2 phases, acidogenic phase in which OM is digested into volatile fatty acid (VFA), and methanogenic phase where the produced VFA is converted to CH4 and CO2. In a natural fermenting procedure, these 2 phases occur at the same time. However the total production of end products (methane) may be limited if these 2 phases occur at the same time. This is believed to be due to the difference in growth rate, substrate-utilizing efficiency and favorable environment for each microbes (acidogens and methanogens), involved in each phase. It is therefore suggested for the maximum recycling of organic waste (such as animal waste) through providing 2 different steps in fermenting procedure, acidogenic phase and methanogenic phase, in each case the activity of involved microbes can be maintained at the maximum level. The results obtained from these experiments are summarized as follows : The loading rates of swine waste were made through 2.5, 5 and 10 gVS / l / d to identify its acidogenic fermenting character in this study. The VFA yield was maximized at 10 gVS / l / d of loading rate. On the basis of this study was executed to identify the optimum HRT of 1, 2 and 4 days at 10 gVS / l / d of loading rate in acidogenic phase. The maximum VFA yield was obtained at 1 days of HRT.