The Ministry of Agriculture reported recently that its newly formed Agro-Investment Corporation (AIC) has assisted 28 farmers in securing loans valued at some J$78.7 million for new farming ventures – this over a four month period. A further 21 farming projects are said to be close to completion, and are to be submitted to the Development Bank of Jamaica and commercial banks for approval.
In terms of a partial project breakdown, approximately $20 million went to four pig rearing projects, $12.4 million went to three vegetable cultivation projects, $5.4 million went to two horticulture projects and $7 million went to three sheep-rearing projects.
The AIC was formed through a merger of the agriculture ministry’s Agriculture Support Services Project and the Agriculture Development Corporation. It was publicized at an investment expo held in March of this year, that the AIC offers a range of business venture and support services to facilitate bankable projects in the agriculture sector. As a result, there have been numerous queries from potential investors, and they expect many more over the coming months.
May 24th, 2010 at 12:03 am
I am thinking of starting a pig farm,but i need help to do so.I have located the land space for my pig farm,can the AIC help me.contact me via email if you have more information.
p.s very good article keep it coming.
Nor.