21/08/2023

Government partners with NFTO to provide agriculture subsidies

By Ministry of Agriculture

In a significant move to aid the recovery efforts of farmers following the impact of Hurricane Brett, the Ministry of Agriculture, Fisheries, Food Security, and Rural Development has partnered with the National Fair Trade Organization (NFTO) to provide more than $400,000 of vital input subsidies to banana and plantain farmers. This collaboration signifies a momentous step as the Government extends its support beyond conventional boundaries, recognizing the pivotal role played by plantain farmers in the agricultural sector.

Through the newly-established subsidy program, both banana and plantain farmers will receive essential supplies including, two 50kg bags of fertilizer per acre and two litres of nematicide per acre. This comprehensive package aims to address the immediate requirements of farmers, particularly in revitalizing the health and productivity of their crops. Chairman of the National Fair Trade Organization (NFTO), Eustace Monrose assured seamless coordination and equitable distribution of resources, reinforcing the commitment to all farmers.

"The subsidy holds tremendous significance, and I am deeply appreciative of the substantial support it offers to our farmers in the agriculture sector. I want to assure you that we are fully committed to efficiently managing these resources and ensuring their equitable distribution to reach every deserving farmer. Under our careful supervision, we will successfully extend this essential subsidy to all those who require it."

The collaborative effort with the NFTO emphasizes the Government's commitment to inclusive and equitable assistance. Minister of Agriculture, Fisheries, Food Security, and Rural Development, Hon. Alfred Prospere, underlined the importance of cohesive partnerships in driving sustainable growth and ensuring a prosperous future for our nation.

“This assistance is aimed at providing farmers with the necessary support to resume production. I am confident that the demand for fertilizer is a top priority. The modest financial aid of $2.4 million that we are extending will undoubtedly benefit our banana and plantain farmers, as well as others within the sector. This assistance is anticipated to facilitate their recovery over the next six months for banana and plantain farmers. Compared to their counterparts in the vegetable sector, the recovery period might be around two to three months at most. Thus, we consider the Government's provision of this support as a significant and meaningful gesture towards our farming community."

Minister Prospere expressed optimism for a streamlined process and equitable distribution of subsidies, urging collaboration and vigilance within the agricultural community.

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