November 27, 2020
The Government of Jamaica has approved the US$25-million Modernisation of the Agriculture Sector Programme (MASP) to be included in the Public Sector Investment Programme. The initiative is a five-year project that will be completed by the ministry of agriculture and fisheries and financed by a US$25 million loan from the Inter-American Development Bank (IDB). The IDB will also provide a detailed monitoring and impact evaluation plan and an environmental and social analysis.
Floyd Green, portfolio minister, at a virtual press briefing earlier this month shared that, “the objective of the MASP is to increase agricultural productivity and income for beneficiary smallholder farmers. We are going to be focusing a lot on agricultural health and food safety and how we can strengthen and develop local and export market linkages,” Green said.
“We are looking to our modernisation programme to establish an effective funding mechanism aimed at supporting agricultural value chains and, in particular, the inclusion of small and medium-sized enterprises (SMEs) to the overall production and commercial supply chains. We are going to be working in partnership with established anchor firms, with the ultimate goal to improve the income of small farmers and improve information in relation to market access, improve productivity, storage, and improve commercial capacities,” he added.
Furthermore, he noted that the programme is structured around two components. One which will focus on agricultural health and food safety and a second component which will focus on Public Agricultural Infrastructure and Services for Public-Private Partnerships (PPP).
This will be under a framework of Public-Private Partnership with the government of Jamaica providing non-reimbursable funding under a cost-sharing arrangement between the Modernisation of the Agricultural Sector Programme and the beneficiary SMEs and anchor firms, through counterpart funding.
At the end of five year period the Plant Pest Surveillance Unit is expected to be strengthened; Plant Protection Unit (PPU) of Research and Development Division equipped and staff trained; Plant Health Information System developed and operating, and the Kingston and Montego Bay export complexes expanded and renovated.
Minister Green added, “We are going to be doing crop surveys and we are going to be training our farmers in pesticide safety and how they can use information and communications technology (ICT) in dispensing their pesticides,” Green said. “We are also going to be strengthening our veterinary service division, we are going to work on equipping our veterinary diagnostic lab and our residue lab. We are going to strengthen our offices in Manchester, Clarendon, St Elizabeth and Falmouth and we are also going to be training our livestock farmers, as we want to ensure that they are Good Agricultural Practices (GAP) certified”.
According to Minister Green, one of the key takeaways from the programme is the development of Agro-parks’ master plan and national PPP strategy for the agricultural sector.
Disclaimer:
Analyst Certification -This research report is for information purposes only and should not be construed as a recommendation. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure -The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
