Showing posts with label economic. Show all posts
Showing posts with label economic. Show all posts

Saturday, 16 March 2013

Agriculture backbone of Pakistan’s economy: PM

Agriculture is the backbone of national economy and the government has taken a series of measures to promote the agriculture sector in the country said Prime Minister Raja Pervez Ashraf on Monday. At a meeting with President Zarai Taraqiati Bank Limited (ZTBL) Ehsan Ul Haq and Chairman Pakistan Cricket Board (PCB) Zaka Ashraf he said pro-agriculture policies of his government have yielded positive results and today Pakistan was exporting wheat. He said the provision of tractors to farmers on subsidised prices and increasing the support prices of the agricultural commodities and the recent approval by the Cabinet for flat electricity rates for tube-wells have improved the life and standard of poor farmers. The ZTBL president briefed the Prime Minister on issues pertaining to the bank. app
Original Article Here

Economy suffering since 2006 due to bad policies: Ex-FBR chief

Although there are a number of factors that could be blamed for this unlikely situation, frequent changes at policy level, regional instability and bureaucratic hurdles are the major reasons of this decline

LAHORE - Former FBR Chairman Abdullah Yousaf has said that the economic growth of the country had slide down since 2006 owing to the inconsistent tax system lack of business-friendly policies.

While speaking during to a session at the Lahore Chamber of Commerce and Industry on Saturday, Former Chairman

Federal Bureau of Revenue (FBR) pointed out that Foreign Direct Investment (FDI) stood at $ 8.5 billion that has now come down to $500 million, depicting sliding of the economy in 2013.

He noted that Pakistan has a great growth potential that could not be tapped so far because of inconsistency in policies, distortion in tax system, cumbersome taxation procedures and absence of business-friendly policies.

LCCI office-bearers including LCCI President Farooq Iftikhar, Senior Vice President Irfan Iqbal Sheikh, Vice President Mian Abuzar Shad, former Presidents and Executive Committee members spoke on various challenges being faced by the economy.

He said that although there are a number of factors that could be blamed for this unlikely situation but frequent changes at policy level, regional instability and bureaucratic hurdles are the major reasons of this decline. He said that we would have to look into these issues to attract much needed foreign investment.

He called for increase in tax to GDP ratio to overcome the issue of fiscal deficit. He said that the phenomenal increase in country’s overall debts from Rs.6 trillion in 2008 to Rs.14 trillion in 2013 has also affected the economic activities to much extent. He said that the heavy government borrowing and currency devaluation could be blamed for huge debt that increases by more than Rs.63 billion when the dollar gains Rs.1.

He said that out of total Rs.2 trillion government revenues, 58% goes to provinces under NFC award while out of remaining 42%, Rs. 1 trillion is utilized for debt servicing, Rs.600 billion for defence and Rs.500 billion are spent on public sector enterprises including Railways, PIA, Pakistan Steel Mills and WAPDA etc.

He suggested resource mobilization and privatization of public sector enterprises to ensure economic recovery. He said that the right taxation policies coupled with good tax administration would help ensure resource mobilization.

He said that the documentation of cash economy would help resolve low tax to GDP ration phenomena and for documentation, the creation of data warehouse of potential sectors and third party information are of prime importance.

He said that Tax-to-GDP ratio of Pakistan is lowest in the world, which stands at 9.0 percent of the GDP, however, low-income countries normally have tax-to-GDP ratio between 15 percent of the GDP to 18 percent of the GDP. Middle-income countries have tax-to-GDP ratio ranging between 22 percent of the GDP to 25 percent of the GDP and tax-to-GDP ratio in high income countries is recorded at 40 percent of the GDP.

Speaking on the occasion, LCCI President Farooq Iftikhar said that the business community understands that the government should not introduce any economic policy without due consultation with the stakeholders for true implementation.

The LCCI President said that repeated issuance of SROs by the FBR is creating multiple problem for the business community therefore, in the larger interest of the economy, culture of SROs should be done away.

He said that all sectors of the economy should be taxed. He said that the agriculture having 20.1% share in GDP is contributing only 1.2% to the national taxes. On the other hand, manufacturing sector has 25.5% share in GDP and is contributing 62.2% in the national taxes. Services sector share is 54.4% in GDP while is paying only one third of its share in the national taxes.

Farooq Iftikhar said that under invoicing and smuggling are hitting the businesses hard and stringent measures are needed to weed out these evils.

Monday, 18 February 2013

Agriculture growth lags

The good news is that the National Statistical Coordination Board reports that the Philippine economy grew by 6.6 percent in 2012. Then there’s the bullish performance of the Philippine Stock Exchange that for the first time breached the 6,500 benchmark last week.

However, the administration of President Benigno Aquino III can’t rest on its laurels since agriculture registered growth of only 2.7 percent.

That’s a tragedy in light of the fact that agriculture constitutes roughly a third of the country’s gross domestic product.

The 6.6-percent economic growth was primarily fueled by progress in the industry and services sectors, by household consumption and external trade. Yet millions of people in rural areas who depend on agriculture for their livelihood continue to suffer poverty.

Like the rest of the archipelago, most of Cebu land is agricultural with a large population eking out a living from farming and fishing. The upbeat growth statistics come out of urban pockets.

When will agriculture be given the importance it deserves?

At last week’s 36th Governing Council in Rome of the United Nations International Fund for Agricultural Development (IFAD) of which the Philippines is a member, agency president Kanayo Nwanze reminded partners that a boom in agriculture can prompt twice more growth in an economy than growth in any other sector can.

“The emergence of higher and more volatile food prices, combined with dramatic droughts, floods, and famines, have concentrated world attention on the question of how to feed a global population that is over 7 billion and growing,” Nwanze said.

“Today, agriculture is center stage… How we respond to today’s challenges will determine not only the shape of food systems in the near future, but also the health of ecosystems and the distribution of the world’s population.”

The Aquino government needs to implement full agrarian reform with dispatch if it is to empower farmers and push productivity to prepare for this global reality.

In the same Rome council, permanent Philippine representative to IFAD Virgilio delos Reyes Jr. said, “[It] is time to revisit measures to bolster resilience and adopt a systemic approach to assist smallholder agriculture.”

Reyes late last year said the 4,335-hectare Hacienda Luisita of the President’s own Cojuangco kin will be distributed before April 2013.

The government should move heaven and earth to keep its word.

We applaud the Aquino administration’s cooperation with IFAD for instance in giving returning overseas Filipino workers the capacity to invest their remittances in agriculture.

But these visionary measures should not deafen it to the cry of farmers for technical assistance and ownership of land they have tilled for generations.

Farmers should never again have to stage 300-kilometer protest walks from Batangas to MalacaƱang as they did in 2008, or repeat the ordeal of Casiguran Marchers from Aurora province last year.

If the government continues to drag its feet on returning land to the farmers, it seriously risks a great loss in whatever political capital and moral ascendancy it possesses.

No less than Pope Benedict XVI, in his message at the IFAD council, stressed the need for “an effective drive towards legitimate agrarian reforms so as to guarantee the cultivation of lands, when these are not properly utilized by the proprietors, who sometimes restrict the peasant’s access to the land.”
Original Article Here

Tuesday, 22 January 2013

New state agriculture chief to emphasize R&D

The incoming director of the Indiana State Department of Agriculture says she'd like to focus on making the state's raw agriculture products more valuable and support agriculture research and development.



Gov. Mike Pence appointed Gina Sheets to the position last week. She formerly was the agency's director of economic development and international trade.

Before joining the agency, Sheets served as economic development director and chief executive of the Clinton County Chamber of Commerce.

Sheets told the Journal & Courier of Lafayette that she's working on new ideas and keeping her eye on farm-related issues in the General Assembly.

She and her husband, Travis, own a Clinton County farm where they raise pasture poultry and beef, free range hens, rainbow trout and produce.

Sheets succeeds Joseph Kelsay, who left this month as part of the transition from Gov. Mitch Daniels' administration. Kelsay, who held the job since 2009, is joining Indianapolis-based Dow AgroSciences as senior manager of biotechnology affairs.
Original Article Here

Saturday, 19 January 2013

Study says South Dakota agriculture has $21 billion impact

PIERRE | An associate professor at South Dakota State University says agriculture and related industries had a $21.4 billion impact on South Dakota's economy in 2010.

Gary Taylor, an associate professor of economics, says the impact includes more than $8.3 billion in direct agricultural production, $3.4 billion in inputs supplied by businesses and nearly $1.7 billion from increased household spending.

Agricultural processing and manufacturing added more than $8 billion in economic activity.

Taylor says agriculture's total $21.4 billion economic impact makes agriculture the largest single sector in South Dakota's economy. He says agriculture makes up about 19.8 percent of the state economy's total output.
Original Article Here

Wednesday, 9 January 2013

A & C United Agriculture Issues Corporate Update

SOURCE: A & C United Agriculture Developing Inc


NEW YORK, NY--(Marketwire - Jan 9, 2013) - A & C United Agriculture Developing Inc (OTCQB: ACUG), an international provider of agricultural products, wishes to inform its investors of its milestones achieved for the past year.

Andy Liu, President, commented, "As a newly trading company in the market place, we understand corporate communications are important and wish to inform our investors of the following developments:
Strong seeds sales (US exporting). For year ending December 31, A&C is on track to record approximately $500K in sales.
Kick Start of Henan Project -- Official opening ceremony was held on 11/16/2012.
The Board of Directors has completed intensive market research and strategic production partner meetings within the major cities of Beijing, Shanghai, and Shenzhen.
Have adjusted the corporate subsidiary structure in order to comply with local regulations outside United States specifically China.
Have had advanced discussions with companies located in China and ASEAN (Association of Southeast Asian Nations), in order to integrate more business entities and generate significantly more revenue on seeds and vegetables selling.
Business forecast: Anticipated $3,000,000 sales (seeds and vegetables) in year 2013.
Successful listing on the Over the Counter market."

About A&C
A&C United Agriculture Developing Incorporation and its subsidiaries are engaged in standardized vegetable seeds selecting, planting, growing, harvesting, cool chain transportation, and processing. The company has established seed export business with U.S suppliers and plans to expand the sales. The Company plans on selling vegetables to retail and wholesale consumers in China, ASEAN and other global markets, by applying American standard quality control practices with scalability and mechanization. The Company's focus is to build and enhance the entire vegetable production chain complying with local and global food safety requirements from seed to table, year round, with two-way traceability and recall capability. The Company is focused on providing fresh quality products that are easy to use, appetizing and nutritious without compromising quality or harming the environment and ecosystems. 

Legal Disclaimer 
The statements contained in this press release contain certain forward looking statements, including statements regarding the company's expectations, intentions, strategies and beliefs regarding the future. All statements contained herein are based upon information available to the company's management as of the date hereof, and actual results may vary based upon future events, both within and without the control of the company's management.
Original Article Here

Tuesday, 25 December 2012

Strong agriculture pulls up Kenya GDP growth to 4.7pc

By MWANIKI WAHOME,
 jwahome@ke.nationmedia.com
Agriculture powered the growth of the economy in the third quarter to record 4.7 per cent compared to 4 per cent in the same period last year.


The sector, that recorded a low of 2 per cent in the first quarter, dramatically improved in the third quarter to 6.9 per cent to anchor the growth of the economy that has been struggling to reach the 7.1 per cent growth rate experienced in 2007, before the post election violence that clawed back the gains.


Other sectors that registered high performance were manufacturing, transport and communication, and the electricity generation boosted by heavy rains in the country.


Other sub-sectors in agriculture that registered growth were forestry and fishing.


The effect of maize disease in South Rift was offset by the adequate rains in other parts of the country. Production of maize, beans, sugar cane and fruits improved significantly in the period under review.


“The expansion was more robust in comparison to preceding quarters of 2012 primarily due to strong performance of the agriculture and forestry, fishing, manufacturing, transport and communication and turnaround of the electricity industry,” said the Kenya National Bureau of Statistics in its latest report on the economy.


The period was characterised by low inflation that averaged 6.4 per cent compared to high 16.5 per cent in the same period in 2011 on account of lower food and fuel prices.


The interest rates remained high at 13.6 per cent which was however an improvement compared to 18 per cent in same period in 2011, which was attributed to Central Bank maintaining a tight monetary policy.


Manufacturing was buoyed by rebound in processing of sugar that recorded 48.7 per cent compared to 38.2 per cent in the same period last year. Others were beer at 17.1 per cent, wheat flour 16.3 per cent and maize meal 9.3 per cent. Motor vehicle tyres, laundry and toilet soaps recorded the highest growth in the non-food category.


Electricity and water supply increased by 13.7 per cent compared to 11.1 per cent due to the heavy rainfall, increasing hydro-power by 39 per cent and reducing thermal generation by 25.2 per cent. Geothermal production declined by 2.3 per cent in the period.


Hotels and restaurants were hit hard by terrorism and slowdown in economies of Europe and America as visitors reduced to 342,135 in the third quarter from 383,100 last year.


Construction was slowed down by high interest rates, recording only 0.6 per cent growth compared to 3.6 per cent last year which was mirrored by low production and consumption of cement. In the third quarter of 2011, cement production grew by 8.9 per cent and consumption by 7.7 per cent.


Transport and communication recorded 5.2 per cent growth in the period under review compared to 3.9 per cent last year boosted by the communication sub-sector that registered significant 54.5 per cent growth.


Despite the export cargo contracting by 24 per cent, the Mombasa port registered growth in volume of cargo mostly boosted by increase in imports that registered 11.4per cent.


The financial sector overcame the challenge of high interest rates to record 6.8 per cent growth compared to 7.6 per cent in the same period last year.

Original Article Here

Sunday, 18 November 2012

Agriculture Still a Growing Industry


By Orlan Love, Reporter
CENTER POINT, Iowa — In an insecure economy, Kim and A.J. Lewis, parents of three children under the age of 3, see a bright future in their chosen field of agribusiness.

So does Rachel Wayson, a John Deere product manager who, with husband Michael, looks forward to raising their first child, due in January, on their farm north of Vinton.

The Waysons and Lewises, all young graduates of the Iowa State University College of Agriculture and Life Sciences, are living their dream, earning a good living in one of the nation’s few growth industries while staying close to their Iowa farm roots.

“We were a little worried when the economy crashed in 2008, but customers kept buying and sales increased,” said Kim Lewis, a feed saleswoman for Cargill and a partner in Lewis Genetics, a swine-breeding business she and her husband operate on a 60-acre farm east of here.

“When the farm economy is good (as it has been for much of the past decade), things are good for us,” A.J. Lewis said.

For Rachel Wayson, who grew up on a farm near Atlantic, It’s the best of two worlds: “I always knew I wanted to raise my family on a farm, and I am thrilled to have a career with one of the world’s great agricultural companies,” she said.

Unlike many recent college graduates, who begin their careers as coffee shop baristas, both Kim Lewis and Rachel Wayson were recruited out of college by their current employers.

Wayson said a Deere internship between her junior and senior years led to an offer of full-time employment seven months before she graduated in 2006.

Lewis, who interned with Cargill during her junior year, went full-time with the company’s Nutrena Feeds division right after graduation in 2005.

Wayson, who majored in ag business and economics, said one of her main responsibilities is to confer with customers about the features they want in the next generation of John Deere’s midrange tractors.

Lewis, who grew up on a farm near Alburnett and majored in animal science, counsels Nutrena customers on livestock nutrition and applies that same expertise in the family swine business.

The Lewises, who raise about 175 litters per year, market most of their pigs for 4H and FFA projects. As part of their service, they advise youngsters on swine health, nutrition and showmanship.

“You hear people say, ‘Oh, I don’t want to go to work today.’ Honestly, I’ve loved getting up and working every day since I graduated from Iowa State,” Kim Lewis said.

Both Lewis and Wayson say they are delighted with their career choices and believe that the world’s growing population assures a growing need for the food and fiber their industry produces.

Mike Gaul, Iowa State’s director of career service, said demand for ISU ag graduates was underscored last month when 208 companies in hiring mode attended the college’s annual career fair — an increase of 37 from the 2011 fair.

Gaul said the booming farm economy is driving the demand, along with the increasingly high-tech nature of 21st-century agriculture.

“Agriculture has become a knowledge-based industry in which a specialized degree provides a definite career advantage,” said ISU Associate Dean David Acker.

Gaul said the top three majors in terms of starting salaries “tend to be on the technology side.”

The top four employers of ag college graduates, he said, include three industry giants, Pioneer Hi-Bred International, Monsanto and John Deere, as well as the university itself.

While farm kids and small-town residents make up 44 percent of the ag college’s enrollment, the majority of students now come from cities and suburbs, Acker said.

Men still hold a slight enrollment edge in the college, but women now make up 47 percent of its undergraduates, according to Gaul.

Gaul said ag college students seem to be especially conscious of job prospects as a measure of return on their educational investment.

“They want to make the world better, but they want to do so through their jobs,” Acker said.
Original Article Here

Tuesday, 25 September 2012

Retail FDI will transform agriculture by integrating Indian farmers in the global supply chain



Compared to power sector reforms, an infrastructure push or restructuring labour laws, the change in rules to allow 51% FDI in multi-brand retail may seem a relatively minor economic policy measure. However, the debate surrounding the retail decision - the government notified the new FDI rules on September 20 - is telling. It has regurgitated many of the shibboleths of Indian economic orthodoxy.

The fear of the foreigner; the disinclination to permit a modern market economy in Indian agriculture; the obsession with small-scale enterprise; and the dogged refusal to recognise the benefits of an economy of scale: all of these have been apparent in the past few days. It is crucial to interrogate these concerns and ask what the arrival of international retail chains can mean for India's farmers as well as consumers and for the economy generally.


As is well known some 33% of fruit and vegetables in India is wasted and perishes in the journey from the farm to the fridge. The comparative figure for Australia, which has the world's best record in this area, is less than 1%. There is a logistics experience here that India needs to tap. India has only 5,300 cold storages, a figure that sits uneasily when placed against the 12 million small and medium retail outlets in the country.

It can be argued building cold storages is not rocket science and can be done by domestic companies and businesses as well. Well, to be fair local companies can also make cars - and there is no real need for a Suzuki or a Nissan to be here. Where these MNCs score is not just in the technology available to them - which can be sourced, to be fair - but in their distribution and marketing muscle, which will take years and decades to replicate.

Why is this distribution and marketing muscle - which translates to deep supply chains in the case of giant retail companies - important? It is necessary if the Indian farmer is to get a better deal and ultimately become part of the global economy, and not remain a marginal economic actor confined to his district. Today, an Indian farmer gets only a third of what the end-consumer pays for his produce. In times of bumper harvests and distress selling, he gets just a sixth. The windfall gains are for a series of intermediaries.

Organised retail provides the farmer greater security. As a 2008 ICRIER study of the impact of organised (but Indian-owned) retail found, "Average price realisation for cauliflower farmers selling directly to organised retail is about 25% higher than their proceeds from sale to [the] regulated government mandi". Bharti Walmart's direct purchase from farmers in Punjab is also believed to have augmented incomes by 7 to 10%.

Admittedly, there is the other side of the story. Again, take an Australian example. Woolworths and Coles are the two biggest retail chains down under. Together, they sell 60% of the wine consumed by Australians. Essentially, this means they determine the price and type of wine that producers will find useful to bring to the market. Admittedly, this has wine farmers complaining. The stranglehold of big retail will ensure farmers cannot dictate prices and tastes. However, the certainty of purchase by the big retail chains also protects farmers (and consumers) from shocks.

In the end, when they build their long-term relationships with farmers and set up a network of warehouses and cold chains, international retail companies will begin to look beyond selling to merely Indian consumers. They will have to integrate the Indian farmer with their global supply lines. India's comparative advantage in the world economic system is cheap labour. This results in Indian car manufacturers making vehicles at a cost lower than that in, say, Detroit or Turin. India's IT-enabled services industry has benefited from a similar principle. The question is: Can this wage arbitrage advantage be used in Indian agriculture?

Original Article Here

Monday, 24 September 2012

Green living: What do you think about urban agriculture?

Enthusiasm for urban agriculture seems to be sweeping the country. For many people, this is an idea for which time has finally come. Urban agriculture involves growing, processing and distributing food in towns and cities.

Supporters of urban agriculture see it as a way to combat many of the ills that they perceive in our modern food systems. For people in towns and cities, this is the ultimate way to produce food locally. Using the land to grow food may be seen as the ultimate best use of that land. During the harvest season, urban farms provide the freshest foods possible. Urban agriculture combats food deserts and improves food security.

Beyond those aspects of urban agriculture that relate directly to the food it produces, there are many other potential benefits for a community. The people involved find the joy of seeing the fruits of their efforts, and many people see it as a form of recreation. There is a community building aspect to these endeavors. There are potential economic benefits and opportunities for entrepreneurship. From a landscape perspective, food-producing gardens can add beauty and diversity plus environmental benefits.

It’s a great thing to see people becoming more conscious of their food supply and enthused about producing some of their own food. As long as there is a commercial food supply that still provides the bulk of people’s dietary needs, urban agriculture seems like a great way to supplement and diversify our food systems.

However, there are some additional considerations.

Production of vegetables is fairly straightforward and may lead naturally into the next step of the urban agriculture scheme: animal production. However, at this point, things get much more complicated. It may seem wonderful to have a few chickens that produce the ultimate fresh eggs. But it’s worth considering some of the downside risks that virtually all farm families live with on a daily basis.

Do those who champion introducing production animals into urban settings really consider the less wonderful sides of agricultural production? Beyond the standard concerns about protecting the animals from predators such as foxes, skunks and dogs, do people consider animal and human health concerns? There are many such concerns, and they should be carefully thought through before a community commits to charging farther down the road with urban food production.
Original Article Here

Saturday, 22 September 2012

China, ASEAN launch science, technology partner plan

China and the 10 members of the Association of Southeast Asian Nations (ASEAN) have launched a plan that will see them cooperate in fields of science and technology.

More than 300 entrepreneurs and scholars from China and ASEAN countries attended a launch ceremony on Saturday in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, on the sidelines of the ninth China-ASEAN Expo.

"Science and technology are major powers for economic growth, and scientific cooperation has played a great role in solving some important problems," Suyoi Haji Osman, Brunei's minister of development, said.

Under the plan, key areas of cooperation include national science development strategy, major science programs' planning and management, agriculture, disaster prevention, information technology and space technology.

The two sides also initiated their first cooperative program under the partner plan, a satellite data platform based on China's satellite data resources which will be shared with the ASEAN countries.

The platform is expected to contribute to agricultural yield estimation, environmental supervision and disaster prevention and control.

Chinese Premier Wen Jiabao proposed the China-ASEAN science and technology partnership at the 14th China-ASEAN summit held on Indonesia's Bali Island in November, 2011.
Original Article Here

Thursday, 20 September 2012

J&K government to provide modern storage facilities for farmers

SRINAGAR: The Jammu and Kashmir government will provide modern storage facilities for farmers at the village level for round the year market linkages to strengthen farm economy and motivate the young to join the agri-sector.

Minister for Agriculture Ghulam Hassan Mir made the announcement while inaugurating a day long Kissan Mela cum Exhibition in Budgam district yesterday.

Mir said such storage facilities would help farmers strengthen their economic conditions and motivate the youth to opt for agriculture as a profit-making activity.

"Providing market opportunities to farmers would help them to strengthen their economy and also motivate the youth to opt for agriculture as profiting activity," he said.

"The youth are coming forward to adopt the agriculture as profiting activity and I assure that the agriculture department shall provide every assistance to them for their encouragement," he added.

Mir asked the farmers to use latest techniques to enhance the quality of produce so as to meet national and global standards.

"If the farmers of J&K want to compete at national level, they have to introduce mechanisation and latest agri- techniques besides using latest agriculture inputs so as to enhance the quality production of national and global standard," Mir said.

The minister said the thrust area is to introduce mechanisation in agriculture and horticulture across the state and various schemes have been launched by the department to provide 25-50 per cent subsidy to farmers for purchasing agriculture machinery items from registered companies.

He said that during the current year, the department has a target to provide 77 Power tillers, 40 tractors, 142 Vermi compost units, 4 bore wells, 2 number of water Harvesting system, 159 poly green houses and other inputs to the farmers of Budgam district.

Minister for Animal and Sheep Husbandry, Syed Rohulla Mehdi, Vice Chairman, Kissan Welfare Board, Rachpal Singh and Director Agriculture Kashmir, Farooq Ahmad Loan also spoke on the occasion.

Rohulla said the Government has launched 6-7 schemes for establishment of sheep, poultry and dairy units on which subsidy is being provided to entrepreneurs to start self employment units.

The department is trying hard to motivate more and more young people to establish their units as this sector has huge scope in providing job opportunities, Rohulla said.
Original Article Here

Agricultural experts seek immigration reform

By Carmen Cusido
A North Carolina agriculture official joined growers from other states Wednesday in calling for congressional leaders to take action on immigration reform.

“This is as much a federal issue as maintaining our military or managing our money supply,” Larry Wooten, president of the North Carolina Farm Bureau, said in a telephone press conference Wednesday. “Many of our growers ... (are) experiencing some shortages of available labor coming to their farms.”

Growers from Arizona, New York and Washington state also spoke about the lack of immigration reform in the agricultural sector. Some spoke about the farm labor shortage in their states caused by state immigration measures.

Wooten also said it’s important to discuss immigration reform because it is an election season, but noted that those running for office may not want to tackle the issue currently.

North Carolina’s economy draws more than $70 billion – about 20 percent of the state’s income – from agriculture, the (Raleigh) News & Observer reported in July.

The state’s major crops include tobacco, fruits, vegetables and Christmas trees, Wooten said.

Comprehensive immigration reform could include a worker visa for undocumented immigrants already working in the country, and perhaps they could pay a fine for being here, Wooten said Wednesday, and adds he is not suggesting citizenship or amnesty for the workers.

Wooten said farmers pay their workers minimum wage or better. “They’re not out there hiring undocumented workers because they could pay them less than American workers. Our farmers want to hire legal people and pay those people good wages. For the most part, they make every effort to hire legal workers.”

About 90 percent of the estimated 90,000 farm workers in North Carolina are potentially undocumented, said Peter Daniel, assistant to the president at the N.C. Farm Bureau.

“The pool of available American workers has all but collapsed. … We’re either going to import our workers or we’re going to import our food, that’s the reality of it,” Daniel said. “We don’t send our children to the university to learn to pick blueberries or harvest strawberries. We send them to school to operate businesses that are dependent on those commodities.”

The state is the primary user of the H-2a program, which gives seasonal work visas to migrant workers, the (Raleigh) News & Observer has reported. Of the 70,000 H-2a laborers in the nation, North Carolina has about 10,000 – nearly 15 percent. But the program comes with significant cost, said Brian Long, a spokesman for the state’s Agriculture Department.

Farmers pay about $1,000 in fees for the transportation and necessary paperwork for the guest worker: And that’s before that temporary employee does any work on the farm.
Cusido: 704-358-6180
Original Article Here

Tuesday, 11 September 2012

Agriculture drives weak economy

HAMISH RUTHERFORD
Traffic flows on some of New Zealand's key roads suggests a generally weak economy is being protected by strong agricultural production.

ANZ's monthly Truckometer indexes, which measure both light and heavy traffic on roads to help reflect economic growth, both rose in August.

The heavy traffic index, which measures movements of vehicles weighing more than 3.5 tonnes on 11 roads, increased 1.3 per cent on a seasonally adjusted basis, suggesting ''steady, if unspectacular, economic growth through the middle of this year'' economist Sharon Zollner said.

The light traffic index, measuring light vehicle flows on nine roads, rose 1.3 per cent. Seen as a leading indicator for economic growth six months ahead, ANZ said the results pointed to weak growth in the middle of the year, and reflected ''ongoing pressure in the consumer sector in particular''.

Zollner said the two indexes gave slightly conflicting signals about growth, with heavy traffic flows painting a more bullish picture than light traffic movements had.

''Putting the two indexes together, the [June quarter] story is of current weak underlying economic momentum saved to some extent by an exceptional end to the last agricultural growing season. (We noted in regard to the very strong May result that the strength was centred on roads near dairy factories).''

- © Fairfax NZ News 


Thursday, 6 September 2012

Omar underlines importance of agriculture in JK’s economic

By Scoop News
Ganderbal/Srinagar, September 06 (Scoop News) - Underlining the importance of agriculture and allied activities in the economic development and job creation for youth in the State, Chief Minister Omar Abdullah Thursday said that the vast potential of Jammu and Kashmir in this sector needs to be harnessed to the maximum to realize the self reliance in agriculture production and comprehensive economic growth.

Omar Abdullah said that agro-based small industries promise substantial and viable avenues for budding entrepreneurs of the State to venture upon and earn handsome livelihood not only for themselves but many more. He said government has introduced various schemes in this regard to encourage investment in this sector. He asked the youth to take best advantage of these schemes and create a healthy and growing MSME temperament in agriculture and allied sectors.


The Chief Minister asked the concerned departments to create awareness about the viability and profitability of investing in this sector in the State encouraging the local youth by providing them all technical, financial and other facilities envisaged in various programmes initiated by the government.


The Chief Minister said that in order to give considerable fillip to the horticulture and agriculture activities, his government has made this sector free from taxies adding that various schemes of providing concessions and subsidies to promote horticulture and agriculture are also being implemented in the State. 


Omar Abdullah was reviewing the development of agriculture and horticulture sectors in Ganderbal Assembly Constituency at a meeting of officers here this afternoon.


Taking appraisal of various agriculture schemes under implementation in the Constituency, the Chief Minister was informed that over 4900 hectors of land has been brought under the cultivation of paddy in Ganderbal Constituency during current Kharief to achieve the production target of 23000 tonnes of rice. The cultivation of maize has been over an area 472 hectors and vegetables on 750 hectors while fodder has been cultivated over 2010 hectors.


The Chief Minister was told that as many as 367 quintals of quality paddy seeds, 360 quintals of potatoes, 170 quintals of fodder and 47 quintals of hybrid maize seed have been distributed amongst the farmers in the Constituency this year. An amount of over Rs. 1 crore has been provided to the farmers in the shape of incentives and subsidy on major agriculture activities in the Constituency this year.


It was stated that agriculture activities are being encouraged in the Constituency under various centrally and state sponsored schemes including technology mission, ISOPOM, RKVY, micromanagement, seed village programme, poly-green houses development programme, vermin culture, water harvesting, irrigation pumps and power tillers providing schemes.


Taking brief on horticulture activities the Chief Minister was told that the production of apple in the constituency during last year was over 51000 tonnes, production of pear over 3000 tonnes, cherry about 1800 tonnes, plum over 1000 tonnes, apricot over 480 tonnes, peach 430 tonnes, grapes 277 tonnes, quince apple 641 tonnes, strawberry 2 tonnes and pomegranate 36 tonnes. The production of walnut was about 5000 tonnes while the production of almond has been registered at 22 tonnes.
Original Article Here

Sunday, 2 September 2012

Steps needed to improve disbursal of agriculture credit to needy: Assocham

Even though credit to agriculture has increased manifold over the past one decade, major reforms are still required to improve funds availability to the needy, an industry body has said. 

"It is not enough to raise the credit availability to agriculture. It is equally important to ensure that this credit goes to the needy and also disbursement has a correlation with the farming situation at individual and collective level," Secretary General of Assocham D S Rawat said in a study on Farm Credit. 

Increase in indirect credit, imbalances in credit between states and crops, misuse of interest subvention are eroding farm credit effectiveness, Assocham said. 

Between 2000 to 2010, farm credit increased over seven fold to Rs 3.9 lakh crore, a study by the chamber said citing RBI data. 

There has been a massive support from government to support farm credit in the last few years, it said, adding that "assuming the credit is effectively disbursed, this massive increase could be seen as a stabiliser and driver of the agricultural economy along with other factors". 

There has also been a further increase in provision for agri credit with each Budget. In 2011-12, it was Rs 4.75 lakh crore and in 2012-13, it was pegged at Rs 5.75 lakh crore. 

"...despite the massive increase in government provision of credit to the agricultural sector over the last one decade, the proportion of total bank credit to this sector in relation to the total bank credit remained more or less the same," it said. 

As per the Assocham study, disparities in loans to small, marginal and large farmers should be addressed and 'risk aversion' tendency of banks towards agriculture and specifically towards small and marginal farmers needs to be overcome. 

It has also underlined the need to reduce transmission costs, correct structural deficiencies in credit policy and quick resolution of credit worthiness issues. 

The industry body said despite the massive increase in credit to the sector, it was still inadequate considering the increasing intensity of farming, rise in output costs and energy intensive farming techniques.
Original Article Here

Saturday, 1 September 2012

SBA Economic Injury Disaster Loans Available in Kentucky Following Secretary of Agriculture Disaster Declaration for Drought By U.S. Small Business Administration

By U.S. Small Business Administration

ATLANTA, Aug. 31, 2012 -- /PRNewswire-USNewswire/ -- The U.S. Small Business Administration announced today that federal economic injury disaster loans are available to small businesses, small agricultural cooperatives, small businesses engaged in aquaculture and most private non-profit organizations of all sizes located in the counties of Breckinridge, Hardin and Meade in Kentucky as a result of the drought that occurred between July 3 and August 27, 2012.

(Logo: http://photos.prnewswire.com/prnh/20110909/DC65875LOGO)

"When the Secretary of Agriculture issues a disaster declaration to help farmers recover from damages and losses to crops, the Small Business Administration issues a declaration to eligible entities affected by the same disaster," said Frank Skaggs, director of SBA's Field Operations Center East in Atlanta.

Under this declaration, the SBA's Economic Injury Disaster Loan program is available to eligible farm-related and nonfarm-related entities that suffered financial losses as a direct result of this disaster. With the exception of aquaculture enterprises, SBA cannot provide disaster loans to agricultural producers, farmers, or ranchers. Nurseries are eligible to apply for economic injury disaster loans for losses caused by drought conditions.

The loan amount can be up to $2 million with interest rates of 3 percent for private non-profit organizations of all sizes and 4 percent for small businesses, with terms up to 30 years. The SBA determines eligibility based on the size of the applicant, type of activity and its financial resources. Loan amounts and terms are set by the SBA and are based on each applicant's financial condition. These working capital loans may be used to pay fixed debts, payroll, accounts payable, and other bills that could have been paid had the disaster not occurred. The loans are not intended to replace lost sales or profits.

Applicants may apply online using the Electronic Loan Application (ELA) via SBA's secure website at https://disasterloan.sba.gov/ela.

Disaster loan information and application forms may also be obtained by calling the SBA's Customer Service Center at 800-659-2955 (800-877-8339 for the deaf and hard-of-hearing) or by sending an email to disastercustomerservice@sba.gov. Loan applications can be downloaded from the SBA's website at www.sba.gov. Completed applications should be mailed to: U.S. Small Business Administration, Processing and Disbursement Center, 14925 Kingsport Road, Fort Worth,TX 76155. 

Completed loan applications must be returned to SBA no later than April 29, 2013.

For more information about the SBA's Disaster Loan Program, visit our website at www.sba.gov.

Contact: Michael Lampton Phone: 404-331-0333

Release Number: 12-814, KY 13257

SOURCE U.S. Small Business Administration
Original Article Here


Friday, 17 August 2012

Rural business could boost east economy, say landowners


By MICHAEL POLLITT
As the latest quarterly findings of the rural economy reveal a sharp drop in business confidence, the CLA’s regional director, Nicola Currie, said: “The government must strive to reduce red tape, relax planning rules and improve access to broadband if the rural economy is to recover.”
The CLA/Smiths Gore Rural Economy Index (REI) revealed that the farming sector’s confidence for the next 12 months has fallen by 25pc – turning from positive to 1pc negative since the first quarter.
Mrs Currie said that the major rural business concerns – broadband, business rates and planning headaches – were to the fore. And action by government, at national, regional and local level could make a real difference on the ground, she argued. “Rural business could be making more of a contribution if there was more incentive and encouragement. If times are difficult, we know that it is difficult to let offices without modern communications, and let’s face it, broadband is the fourth utility.
“In recent years, rural businesses have been good generators of jobs on the doorstep and investing in the countryside. We’ve got these longer-term running issues which need resolving. I would dare say that broadband and flexibility for rural offices would help,” she added.
On the issue of reducing red tape, Mrs Currie, said; “There’s not a lot happening. “It has gone rather quiet, which is worrying.”
At a meeting in May with farming minister Jim Paice, she had highlighted concerns of small businesses including butchers, who were being forced to comply with heavy-handed interpretation of food hygiene rules and particularly on vacuum-packing meat.
“It is an absolute nightmare. If a vacuum packer is used to seal bags of meat, a new “ruling” requires two machines to be used – one for raw, and one for cooked.
Why do we now need to have two machines when one was used before?” she asked. “It is only guidance, not law, but is being implemented as law. I told Mr Paice: ‘This is nonsense. It is an absolute classic example of red tape but because it falls between two government departments, can we get officials together in one room? We want decisions to be made on scientific fact’.
“We need flexibility to get on out there and earn some money and getting people starting little businesses. We need more of a can-do approach to helping business rather than trying to stop it,” she added.
And government must show more leadership to encourage and enable the rural business community to create employment and generate wealth in the countryside. This s giving new life to a lot of the beautiful farm buildings which are not suitable for agriculture but are central to the landscape that we all love and appreciate,” she added.
Jason Beedell, of Smiths Gore, said: “The message to local and national government is clear – the business environment remains fragile and investment should be supported.”
Original Article Here

Friday, 10 August 2012

Agriculture is key to economy: Muchemwa


AGRICULTURE remains the key component in the performance of the economy and should be the basis for any recovery programmes that might be adopted by government, economist Brains Muchemwa told an Ernst & Young Tax and Economic seminar in the capital this week.
He attributed Zimbabwe’s slump in economic growth this year to the poor agriculture season and lack of investment in the sector. The 2011 agricultural season was characterised by lower than expected maize and tobacco output and revenues, resulting in the downward revision of the growth of the sector.
Last month, the ministries of Finance and of Economic Planning revised the Gross Domestic Product rate downwards to 5,6% from 9,4%, citing poor performance by the key agricultural sector and low revenue collection.
The majority of developing economies still heavily depend on primary commodities from agriculture and mining. In sub-Saharan Africa, agriculture generates at least 30% of GDP, 40% of exports and more than 70% of employment.
Economists say increased agricultural production leads to increased demand for processing facilities, giving the industry a high multiplier effect. Figures from the International Food Policy Research Institute show that the multiplier effect of agricultural growth in Africa ranges from US$0,60 in non-agricultural income for every US$1 increase in farm income in Niger, to a near doubling effect in Burkina Faso of US$1,88 in additional income outside the sector for every $1 increase in agricultural income.
In Zimbabwe the impact of a poor agriculture season has been strongly felt in the retail sector. OK Zimbabwe CEO Willard Zireva recently told an annual general meeting that consumer spending will most likely decline owing to the generally poor harvest and delays in the commencement of the cotton marketing season. The same sentiments were echoed by Delta CEO Pearson Gowero who said that the decline in cereal output had resulted in a marginal decline in volumes for sorghum beer.
Muchemwa has disputed official GDP figures, saying his own calculations showed the size of the economy was 30% less than has been officially given.
He said GDP was US$6,9 billion in 2011 and would only rise to US$7,2 billion this year and not from US$10,1 billion (2011) to US$10,6 billion as has been officially stated. The country’s Medium Term Plan sets a 7% growth rate, which is expected to lead to a US$9 billion economy by 2015.
The growth rate is expected to slow down to levels of between 3 to 4% next year because of elections, which are traditionally characterised by low levels of investment, and due to policy misalignment within the GNU.
According to the African Economic Outlook, Zimbabwe’s GDP will decelerate to 4,4% this year from 6,8% in 2011, owing to challenges facing the economy, which include lack of liquidity.
The decline in growth is attributed to the high cost of capital and inconsistencies, especially on the indigenisation regulations, the report said.
It also said obsolete technologies as well as power and water shortages militated against the growth of the economy.
“These downside risks are further exacerbated by the disputes among the government partners on the new constitution, the pending national referendum and national elections,” the report said.
The International Monetary Fund recently said the country would register real GDP growth rates of 4, 7% and 6, 3% this year and 2013 respectively.
Original Article Here

Tuesday, 7 August 2012

Africa Urged to Diversify, Turn to Agriculture


Africa needs to embrace economic diversification as well as focus on agribusiness to lift the continent out of poverty and put it on the path to prosperity, a senior United Nations official said today.
"Agriculture is the most important sector of the African economy and will have to be its driving engine out of poverty. It accounts for 65 per cent of the continent's employment and 75 per cent of its domestic trade," the Director-General of the UN Industrial Development Organization (UNIDO), Kandeh K. Yumkella, said in a news release.
He added that Africa is also urbanizing at a fast rate, noting that "in order to turn bright prospects into employment opportunities for its young people, Africa needs to embrace economic diversification."
Mr. Yumkella's comments came at the Africa Caucus Meeting in Kinshasa, the capital of the Democratic Republic of the Congo (DRC), which brought together Africa's finance ministers, central bank governors, and representatives of international development agencies and financial institutions and where he was a keynote speaker.
The Director-General stressed the need to boost agricultural productivity to achieve sustainable industrial and agribusiness development as a means of wealth and job creation.
"The transformation of agricultural raw materials into industrial products depends increasingly on the capacity of African entrepreneurs to participate and compete in global, regional and local value chains.
"Accordingly, African agribusiness value chains will have to adapt to changing market conditions, continuously improve efficiency and strive to meet consumer requirements in a competitive global trade system," said Mr. Yumkella.
He added that Africa needs "new learning and innovation systems involving regional cooperation, new types of partnerships between farmers, sellers, investors and researchers, and the right incentives and public actions that crowd-in rather than crowd-out private investment."
Investment in transport infrastructure, access to energy and water, information and communication technologies and management efficiency were vital for agribusiness to thrive, he noted.
In 2012, in partnership with the UN Food and Agriculture Organization (FAO) and the International Fund for Agricultural Development (IFAD), UNIDO launched the Accelerated Agribusiness and Agro-industries Development Initiative, or 3ADI, to promote value addition to agricultural commodities. The initiative is now operational in 12 African nations.
Original Article Here

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