08 Nov 2021
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Money to be made in Mangoes

 

Investors looking to cash in on proposed East Indian and Julie agro park in Clarendon

At least 10 local investors, and one from overseas, have indicated an early interest in a mango agro park which is to be established on approximately 900 acres in Toll Gate, Clarendon.

Chief executive officer of Agro Investment Corporation (AIC) Dr Al Powell says investors have shown a strong appetite for the proposed agro-park and he expects more interest from foreign and local entities.

“We should be able to confirm, by the end of this year, which investors will get through because it is a process. We really should be ready before the end of this year so that they can start preparing their funding to take over by next year March,” Powell told the Jamaica Observer.

“We want to complete the thing before the next financial year. We are processing people at this time but the processing take a little time because we have to do legal work, a lot of documentation, and they have to bring financials from the bank and other things generally.

“Because what we don’t want is someone to start the process and in four months they run out of money. So we have to see the cash flow to support it,” added Powell.

He said it is expected that people who invest in the mango agro-park should recoup their investments in six to seven years.

According to Powell, investors will be offered 50-acre plots for mango orchards and inter-cropping as that as seen as the minimum size for an investor to be financially viable.

 

Powell told the Observer that mangoes are in demand worldwide with more than 100 countries, including Jamaica, planting the fruit for export.

But he noted that Jamaica is not among the top mango exporters despite a strong demand for the fruit in the nearby United States where exporters from Mexico, Puerto Rico and even Brazil are strong.

“We have the temperature, the technical capability, and just about everything to grow mangoes. So the Government said we should get into these tree crops. Among the tree crops we are looking at are mangoes, ackee and avocado, but we are going to start with mango,” said Powell.

He said the facility being established in Toll Gate will be Jamaica’s first mango agro-park and will grow East Indian and St Julian (Julie).

“We contemplate the export market to be the USA, Europe and Canada and to make it easier into the United States, we are going to construct a modern hot water treatment plant so that the fruit flies which threaten the export of mangoes will be behind us,” declared Powell.

The AIC head says work is far advanced on a 60-acre section of the property which will be used as a demonstration area and the planting of mango trees should begin in that area within another few weeks.

“We are expecting that the project, in terms of the private/public sector partnership, will take off fully in another five to six months,” said Powell.

Responding to concerns that small farmers will be locked out of the mango agro park, Powell argued that the level of investment needed will not lend itself to operations of less than 50 acres

“If you have smaller units you are going to run into problems as you will not be able to reap enough fruits off it [to be financially viable]… Remember we are running a commercial venture, we are running a profitable venture [and] we are not running this thing as a hobby or as something that we love. It is a business.

“So what we are saying, if you put a certain amount of dollars in this business you have a return on investment in this way. If the small man can come with his money, or if a group of two, or three persons, take up a 50-acre lot, we can also work with that,” said Powell.

Reference Link: Money to be made in mangoes (jamaicaobserver.com)

08 Nov 2021

Land owners urged to lease properties from Agriculture

The Agro-Investment Corporation (AgroInvest) is urging Jamaicans who own 30 acres of land or more to consider leasing their properties for agricultural production.

This would be facilitated through the Agriculture Landowner Match Programme, which began in May 2020/

Marketing and Communications Manager at Agro-Invest, Alecia Brown-Forbes, speaking in a recent interview with JIS News, said the programme has piqued the interest of Jamaicans.

“We realise that in Jamaica there are many acres of unused land owned by private citizens that can be used for agricultural purposes. We, therefore, want persons who own large amounts – 30 acres or more – to apply to us. We will research, promote and try to find suitable investors for those lands,” Forbes said.

The work of the Agro-Investment Corporation is centred on supporting an environment for the sustainable development of agriculture in Jamaica.

Forbes said under the Agriculture Landowner Match Programme, the corporation makes the leasing process easier for landowners.

“What we will do, essentially, is take the hassle away from landowners. Based on my experience, it can be tedious to lease property and many times persons don’t know the processes and procedures. This is where we come in. Our purpose is to get as much unused land in production as we possibly can, as well as to really stimulate investment in agriculture,” she said.

Forbes also mentioned that persons in the Diaspora can benefit from the offerings of the programme.

“At the moment, we are appealing to persons, especially Jamaicans in the Diaspora, who have left the country and have land here. What we have done, so far, is to ask JAMPRO’s offices in Canada to promote the Agriculture Landowner Match Programme for us through their platforms,” she added.

Having a large acreage of land meets the first requirement, but the land must also be suitable for growing crops.

“We would ideally want the land to be arable, and this is because we want the land to facilitate crop production as well as cattle rearing; but even then, it must be land that is usable. What we realise is because Jamaica is mountainous, there are persons who have land but because of the terrain, it isn’t suitable for agricultural purposes. This is, therefore, something applicants can expect to be asked about when they’ve applied,” Forbes explained.

Meanwhile, AgroInvest is targeting persons with land all across the country with no preference or specification for any set parishes.

“We are targeting all across Jamaica. There are some parishes where the land and the soil are better suited for crop production than others, but we are targeting all unused land across the country. Once it is flat enough and able to be used for agricultural purposes, we are looking everywhere basically,” Forbes said.

For more information

Persons can visit the Agro-Investment Corporation website at agroinvest.gov.jm or call 876-923-0086 or 876 764-8365.

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Reference link: Landowners urged to lease properties for agriculture | News | Jamaica Gleaner (jamaica-gleaner.com)

08 Nov 2021

Tractor Servicing

TRACTOR SERVICE OFFERED BY THE AGRO INVESTMENT CORPORATION

To substantially drive agricultural production and productivity, the Agro Investment Corporation extends tractor services to farms within proximity to the Ebony Park/Spring Plain Agro Parks in Clarendon as well as the Plantain Garden River Agro Park in St. Thomas. The service offered is geared towards assisting in reducing one of the most tedious aspects of farmland preparation. The tractor is equipped with a Bedding Tool which will allow for bedding formation and adequate preparation of the soil before planting.

Should an individual/entity require tractor services they should contact the Corporation or Park Manager at any of the afore-mentioned Agro Parks who will complete a Request for Tractor Service on Form 1A and submit to the Corporation’s Agro Park Director for approval.

Below are the areas of Form 1A to be completed by the Park Manager on behalf of the individual/entity for the requisition of tractor service on or off the Agro Parks.

    1. Personal info-The name of the lessee/ entity/ individual, contact number and an email address should be written on Form 1A.
    2. Location– The location where the operation will take place- Agro Park or area outside of the Agro Park.
    3. Work description– The description of work includes the approximate acreage and usage rate must be completed.
    4. Requisition-Signature of the lessee/entity representative/ individual must be affixed to Form 1A for work to be formally requested and later approved and authorized.

 

  1. Payment-
    1. At least a fifty percent (50%) deposit is required on all jobs. The balance is payable immediately upon the completion of job done by the respective user.
    2. Payments may be made to Agro Investment Corporation’s (Agro Invest) account at National Commercial Bank (NCB) Account # 371020411, Matilda’s Corner Branch. This evidence should be sent to the Agro Park Manager.
    3. The Agro Park Manager must record the payment on the Agro Investment Corporation Form 1A.

 

  1. Approval and Authorization
    1. The work description, for lessee/ entity/ individual, must be approved by an Agro Park Manager by way of signature. Work can be scheduled and done based on request.
    2. The tractor service work description for lessee/ entity/ individual must be authorized by the Director of Agro Park Development by way of signature. Meaning that the scheduled work described should be carried out.
    3. The approval and authorization signatures should be affixed before work can commence.

 

08 Nov 2021

Agricultural Land Owner Match Programme

The Agro Investment Corporation commenced its Agricultural Land Owner Match Programme in May of last year, extensive research was carried out and it was realized that there were persons who owned vast amount of land that could be used for agricultural purposes and the land was sitting idle. The Agro Investment Corporation’s mandate is to facilitate agricultural investment and development and as such the Corporation took this to task and launched the programme to get all unused land into agricultural production.

Also, we know that the leasing process can be a hassle for some persons who are unsure of the lease proceedings especially the legal aspect of it. Therefore, Agro Invest’s aim as well is to take the hassle from land owners who are interested in lease agreements for their unused land space.  We want land owners to apply and we will do the leg work in finding a suitable investor and creating the match.

The Corporation is targeting all persons who are in legal possession of 50 acres of land or more, whether they reside locally or abroad. Therefore, there is no limit to the target market. We will facilitate all applicants if they meet the criteria. This criterion speaks to ensuring that property taxes are up to date also persons should be in possession of a valid title for the property.

Should persons have less than the 50 acres of land, we encourage them to still apply, especially if the acreage is 30 or 40 acres which is quite sizeable. Agro Investment Corporation of course will be the facilitator of this arrangement between landowner and investor/farmer. There are 2 phases to the programme.  Under the first phase of the programme landowners interested in leasing their land will apply to us and we will do background checks and site visits to determine whether the property is feasible for lease.  The second phase involves promoting the property that is up for lease to acquire a suitable match.

BENEFIT OF THE AGRICULTURAL LAND OWNER MATCH PROGRAMME TO THE COUNTRY’S AGRICULTURAL SECTOR AND, BY EXTENSION, THE ECONOMY

 

The Agricultural Land Owner Match Programme will be beneficial in many ways to the agricultural sector… A few will be outlined:

  • It would certainly provide more food security as more persons would be engaged in agricultural production and this would enhance the sector greatly.
  • There will be more farmers providing inputs for our Agro processing companies and this would indeed contribute to the country’s GDP. Between 1991 and 2000, agriculture’s contribution to GDP ranged between 9.2 percent in 1995 and 7.1 percent in 2000. When Agro-processed goods are added, the contribution to GDP is about 16 percent.
  • Agriculture currently employs about 22 percent of the labour force, therefore with the creation of this programme it is hoped that more jobs will increase, which will up the labour force percentage, as persons seeking land to lease would most likely be employing persons to work the land.
  • Since the programme have begun the Corporation has received greater interest and applications from more women and youths who are interested in leasing land, therefore this is a plus for the agricultural sector.
  • The programme will assist in streamlining what is being produced. To expound on this, for persons who have an interest in leasing land to invest in agriculture but need guidance on the type of crops best suited for the land and soil type, experts in the field employed to the Corporation are available to provide recommendations to these investors as to what to produce.  Therefore, complete assessments will be done on each property under consideration.

HOW PERSONS CAN ACCESS APPLICATION FORMS FOR THE LAND MATCH PROGRAMME

Application forms can be found on the Corporation’s website at www.agroinvest.gov.jm as well as RADA’s website at www.rada.gov.jm. Both websites currently have all the information and documents that the land owner will be asked to supply.  Persons should download the forms fill them out and send them to our email address at info@agroinvest.gov.jm . There is an application fee of $5000.00.

As part of the process for the Agricultural Land Match Programme, payment instructions are emailed directly to applicants who have applied.  Applicants can either to choose to pay the application fee of J$5000.00 via four (4) methods:

  1. In Office at Agro-Investment Corporation
  2. In Bank Branch Payment to Agro-Invest’s Bank Account
  3. ACH/RTGS Online Bank Transfer
  4. Wire Transfer

AGRO INVEST CONTACT INFORMATION

Persons can contact us at 188 Spanish Town Road, Kingston 11, or call us on 876-923-9268, 876-923-0086, or 876-764-8071. Email- info@agroinvest.gov.jm

They can also visit is on our website at www.agroinvest.gov.jm and follow us on our social media pages @agroinvestja.

08 Nov 2021

AIC makes 200 acres available for farming

Agro Investment Corporation (AIC) is offering 200 acres of unirrigated land for the cultivation of a range of crops that have the potential to earn farmers millions of dollars from export.

According to AIC, a market sounding was done and it was realised there was limited production islandwide of castor bean, Sea Island cotton, and orchard trees such as avocado, breadfruit, ackee, as well as coconut.

The 200 acres on AIC’s Amity Hall Agro Park in St Catherine were packaged into 40-acre parcels.

“The lease tenure is 15 years renewable. The cost per acre per annum was originally set at $6,000; however, after careful consideration and an analysis conducted on the market it was lowered to a more than reasonable $4,000,” AIC said in a news release.

The corporation said that to support the investment opportunity it has ensured there is road access to each parcel of land. Additionally, it will offer business planning advice, investment profiles for the selected crops, technical and marketing support, as well as tractor services.

“The corporation strongly recommends that farmers take advantage of this investment opportunity as research has shown that there is strong market demand for these crops. So far, there has been no systematic planting of avocados in Jamaica, therefore the opportunity now exists, with Agro Invest taking the initiative to provide land for the production of this lucrative crop,” AIC said, adding that it has advertised the offer on most media platforms.

The corporation also said that the land is a clay loam soil type, which is suitable for the cultivation of the tree crops.

“Ackee, for instance, is not only a staple of the Jamaican diet, but was ranked number two in the world by a 2011 National Geographic survey of national dishes. It is also high on the demand list for the Jamaican Diaspora in the US, Canada, and the UK,” AIC said.

“Breadfruit, another recommended tree crop, is gluten-free and has become highly sought-after for its numerous nutritional properties. Over the five-year period 2013-2017, there was a 90 per cent increase in the amount of breadfruit exported, largely to the United States market, and a 70 per cent rise in the value of the export,” AIC stated.

“Therefore, with the world moving towards gluten-free products, there is a strategic advantage for Jamaica in ramping up breadfruit production.”

In relation to castor oil, which is expected to grow in value to US$1.72 billion globally by 2025, the AIC said Jamaica is poised to benefit from this lucrative industry as use of the product is ingrained in our culture and the product extracted here is touted as one of the best in the world.

Trade analysts have attributed the projected growth in the global castor oil market to increased consumption of the product in biodiesel feedstock.

The opportunity for farmers to earn from Sea Island cotton was also highlighted by AIC, which pointed out that the product is the world’s best quality cotton based on its fibre length, silk-like quality, fineness, and texture.

“There is a high demand internationally with buyers from Switzerland, Japan, the United States, Italy and the United Kingdom,” AIC noted.

Additionally, AIC said there is growing demand for coconut water and coconut value-added products, such as coconut oil. “The potential exists for supplies to both the regional and export markets in the US, Canada, and EU.”

The AIC said anyone interested “in this investment opportunity should provide a business proposal, as well as marketing and financial information and a completed lease application form”.

A checklist of all requirements as well as application forms can be accessed from the corporation’s website at www.agroinvest.gov.jm.

Further information can be obtained by calling the AIC at 876923-0086 or 876764-8071, or visiting the AIC office at 188 Spanish Town Road, Kingston 11 to talk to representatives.

Interested individuals may also make contact through the AIC’s social media pages at agroinvestja.

Reference link: AIC makes 200 acres available for farming (jamaicaobserver.com)

08 Nov 2021

AIC moves to get more young people into farming

BY VERNON DAVIDSON
Executive editor — publications
davidsonv@jamaicaobserver.com

Agro Investment Corporation (AIC), the State entity mandated to facilitate investment in agriculture, says it is pushing to increase, by at least five per cent within the next five years, the number of young Jamaicans involved in the sector on its agro parks.

According to AIC, of the 370 farmers now operating on the island’s eight agro parks, approximately 15 per cent are young people, most under the age of 35.

“Over the next five years we want to increase the 15 per cent to 20 per cent,” AIC Chief Marketing Officer Alecia Brown-Forbes told the Jamaica Observer last week.

The target, Brown-Forbes said, was deliberately conservative as the agency wants to ensure that it can provide adequate support to the young farmers.

That support, as listed on AIC’s website, includes business planning, market linkages, technical and tractor services.

Part of the effort to attract young people, she said, involves a social media push, given the popularity of that platform among adolescents.

“Recently, I posted a young farmer who had just received her plot of land. She received free land prep from us and she’s now putting in her hot peppers. That generated quite a bit of traction from people who are interested,” Brown-Forbes said, adding that AIC is looking at expanding its advertising and promotional campaigns next year.

Additionally, the agency has forged an agreement with Jamaica 4-H Clubs to engage students who are interested in agriculture, starting next year.

One of AIC’s mandates is to increase the attractiveness of the sector to younger, skilled, and trained entrepreneurs.

To achieve that objective, the agency says it provides financial support.

“We don’t expect most young people, at 20 years old and 25 years old, coming on to any of the agro parks to say, ‘My bank account is $5 million’. They’re not going to have it,” AIC Chief Executive Officer Dr Al Powell told the Observer.

“If you come, and you have the interest but you don’t have the funding and can demonstrate that you can pay us back, over time, we will help you,” he said.

“We’re currently working on that very hard, because we recognise that the average age of farmers is about 49 years. So we have to start bringing in the young people,” he added.

“We’re also helping them in terms of providing training, and while we always ask people to come in with a marketing plan, we will help them to market.”

He said the agro parks have all the amenities that will help farmers drive production, and the 4,500 acres across the eight parks will increase as AIC has been directed by the Government to manage the approximately 2,400-acre Holland estate.

The AIC’s thrust will complement a plan by the Jamaica Agricultural Society (JAS) to launch a Young Farmers’ Association that, it said, will support youth who want to pursue a career in agriculture.

Lenworth Fulton, the JAS president, had announced the association’s intention in July 2019, saying that the objective is to “better attract that age cohort among our farmers, a very important group, especially in terms of our drive to make farming more tech-savvy and tech-friendly, and to better prepare for the coming ravages of climate change”.

The JAS, he said, recognises that young farmers are “some of the finest entrepreneurial minds coming into the agricultural sector”.

Reference link: AIC moves to get more young people into farming (jamaicaobserver.com)

08 Nov 2021

Massive Agri Target

Agro-Investment Corporation pushing to get 10,000 acres of idle farm lands into production in 2 years

BY ARTHUR HALL
Editor-at-large
halla@jamaicaobserver.com


The State-owned Agro-Investment Corporation has launched an ambitious drive to get at least 10,000 more acres of land into agricultural production over the next two years.

“The 10,000 acres will come from private sector, public sector, and we are looking at any lands that the Government owns to see to what extent we can have them into production,” CEO of Agro-Investment, Dr Al Powell, told the Jamaica Observer yesterday.

Agro-Investment is one of two entities recently mandated by Minister of Agriculture and Fisheries Floyd Green to go on a drive across the country to engage and encourage private owners of farm lands to lease the lands to farmers.

The other entity is Sugar Company of Jamaica Holdings Limited, which has been asked to accelerate the use of the many parcels of land it owns.

But Powell told the Observer that the drive by his entity to get idle farm lands into production was already well under way.

“We are developing a model — I hope it is sustainable — where we have people travelling weekly, fortnightly, all over the country to identify idle lands, and then we find people to farm those private lands and arrange some sort of help with the rental/lease agreement.

“In addition to that, we have a lot of Government lands, so we are also speaking to NLA (National Land Agency), which is the organisation having all Government lands under its control… to get additional lands, and we hope that at the end of the day we will put those old sugar cane lands… and a lot of other lands islandwide, into production,” said Powell.

He pointed out that Agro-Investment recently signed off on a deal involving a 333-acre private property in Elim, St Elizabeth, where a group of local and Canadian investors will be farming corn, ginger, turmeric, and other crops mainly for the export market.

“Once the lease is signed, in another week or so, I think the investors will start farming. They want to produce for the tourist market and the export sector,” said Powell.

He added that there is another overseas investor who is interested in 2,700 acres of land, also in Elim, to grow a variety of crops, and that deal could be signed shortly.

According to Powell, the scope of Agro-Investment has been adjusted, as it is now mandated to find investors for the agricultural sector, and it is targeting the Diaspora as it moves to become the leading agency for agricultural investments long before 2030, which was its initial target.

“So I am expecting that over the next two years we will be able to commence the process by having anywhere from 10,000 to 15,000 acres of land in agriculture through our efforts, as the lands are available, and in many instances irrigation is available, which helps to drive production,” declared Powell.

In the meantime, Alecia Brown-Forbes, chief marketing officer of Agro-Investment, said the two Elim deals are part of the agency’s ‘Agriculture Land Owner Match Programme’, which links private owners of arable lands with individuals interested in farming.

“So we are going now more into persons with the private lands, because there is so much land that is here that is undeveloped,” said Brown-Forbes.

“Agro-Investment basically has a mandate to promote and facilitate agricultural investment and that is what we are hoping to accomplish going forward. We have a strategic plan, and over the next five years we are really looking to develop agriculture more in Jamaica.

“We are looking to put as much unused land into production as possible, and trying to get those investors. Initially, we were looking to get those large investors who wanted to lease 200, 300, 500 acres of land, now we are realising that persons really want to come into agriculture and can’t really afford to lease 100 acres, so if it is they want only 40 or 50 acres, we are here to support them,” added Brown-Forbes.

Agro-Investment is an agricultural investment facilitation, advisory and management company that functions as the business facilitation department within the Ministry of Agriculture and Fisheries.

Reference link: MASSIVE AGRI TARGET (newscyclecloud.com)

16 Nov 2020

The Hon. Floyd Green Minister Of Agriculture & Fisheries Gets First-Hand View Of Agro Park Flood Disaster

The Hon. Floyd Green, visited our Ebony Agro Park in Clarendon on November 5, 2020, to ascertain the damage caused to investors’ farms by the heavy rainfall throughout October into November. Our Agro Parks team had recently completed a full assessment of the damage and losses to investors’ crops which amounted to approximately $132M. This information was passed on to the Minister as he toured each farmers’ plot and had discussions with them as to the actual crops that were ravaged by the heavy rains.

Our farmers are resilient and are making the necessary preparations to activate their recovery plans. Minister Green has assured them that the Ministry will be providing them with assistance through RADA for a speedier recovery.

07 Sep 2020

AGRO-INVESTMENT CORPORATION ASSUMES FULL MANAGEMENT OF THE HOLLAND PROPERTY (ST. ELIZABETH)

The Holland property was transferred under the management of the Agro-Investment Corporation (AIC) which has the mandate to package, promote and facilitate investment opportunities in Agriculture. This facilitation of investment is being done in collaboration with other stakeholders and investors by creating a climate hospitable to investment. In the process, the Management is focusing on funds mobilization, building partnerships and developing relationships with the private sector through the leveraging of government owned assets.

PLANS TO DEVELOP HOLLAND INTO AN AGRO-ECONOMIC ZONE

The property which is approximately 935.52 hectares (2400 acres) will be developed into an Agro-Economic Zone; which is the central point for agri-business development in the parish. This Agro-Economic Zone will promote economies of scale (large scale production) and economies of scope (diversification of production) at each point along the value chain. The Agro-Economic Zone will create an environment where advanced technologies will be integrated into the existing systems, to boost production and productivity.

VALUE CHAIN EXPANSION

The value chain will be developed to include the following:

  • Continuous research and development
  • Inputs of the highest quality
  • Good agricultural practices for crop production
  • Efficient harvesting techniques
  • Robust storage facilities (cold and dry)
  • Efficient and effective transportation services
  • Innovative and scientific agro-processing techniques
  • Sustainable waste management practices
  • Effective and innovative marketing strategies

BENEFITS OF THE HOLLAND PROPERTY AS AN AGRO ECONOMIC ZONE

The Agro-Economic Zone (AEZ) will attract and retain profitable investors while providing support services that will make them competitive both locally and internationally. All the activities conducted in the zone will be geared towards food security, job creation, rural development, and economic growth. In addition, there will be introduction of climate smart agriculture and technologies, and a fully integrated value chain system which will potentially lead to overall sustainable national development of the country.

INVESTMENT IN THE PIPELINE FOR HOLLAND

There are approximately 230 investors/farmers interviewed and placed on the property and with the support of the Agro Invest Corporation many of these farmers have already commenced production or preparing for production.

The 2400 acre zone will comprise farms, as well as packaging and processing facilities.  The project is expected to provide jobs for over 900 persons.

There is a potential investor that has expressed an interest in setting up a complex to engage in full grading, packaging, processing and marketing.  Agro Invest is now in the process of ensuring the property has proper fencing and security in place. There will be complete monitoring of the property.

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