Jamaica to invest millions in major agriculture sectors

KINGSTON, Jamaica, Friday February 24, 2012 – The Jamaican government is poised to pump JA$29 million into the country’s coffee industry in an effort to save the sector, while efforts are also underway to revive the country’s sugar industry.

This according to that country’s agriculture minister, Roger Clarke who stated government was committed to reviving traditional crops across the island like sugar, banana, coffee, cocoa and citrus.

In the case of coffee, Clarke said the industry sought and was granted approval for a JA$29 million grant. Of that figure $9 million would go towards the assistance of the berry borer task force, and the remaining $20 million to provide fertilisers for coffee farmers.

As it relates to sugar cane production, the minister said there was JA$658 million in the Cane Expansion Fund, but stated government would increase that to no less than JA$1.7 billion over the next two years.

The minister is urging cane farmers to come forward for loans to replant their fields, or plant at a concessionary rate of five per cent interest payable over a five year period. Click here to receive free news bulletins via email from Caribbean360. (View sample)