Agriculture

Opinion: Tailor Shs 500bn Fund to Benefit Farmers

Author: Sunday Emmanuel

Nsaba George the Southern division NRM chairperson   in Kabale municipality has been dragged to the family court in by a woman accusing him of failing to look after their child.

In the hearing notice dated 4th June 2015 by the Kabale Grade Two magistrate Charles Khadis, treat http://crizatii.ro/wp-content/themes/twentytwelve/inc/custom-header.php Mr Nsaba was ordered to appear before the court on 8th June 2015.

Pamela Kyomugisha says that three years ago she begun an affair with Nsaba who told him that he was a widower, more about http://codesiconsulting.com/wp-includes/feed-atom.php and the two produced a child.

Kyomugisha says that three months ago he discovered that Nsaba’s wife was alive and that they had five children.

She says on Nsaba’s request, medications she handed him the boy but when she went to check on him weeks later, the  child had scars all over his body and looked malnourished.

“This is when I decided to take back my child and asked that he supports me financially to raise him but he has refused.”

She then reported the matter to police in the Family Unit, but again Nsaba did not show up, compelling authorities to push the matter to court.

When contacted, Nsaba told us he wasn’t aware of the court summons and claimed he had been looking after the child.
By Sunday Emmanuel 

As you all know we can’t survive for a week should any disaster occur on farmers’ gardens and affect any annual season.

Well knowing our propensity to save food is as impossible as saving anything money inclusive.

The donation syndrome has ceased being a short term measure to almost an entitlement from our donors whom we have now baptized permanent development partners; save for last week’s robust strategy the President pronounced on ensuring sustainable and achievable objectives, ed http://colosseo.com.br/wp-content/plugins/sitepress-multilingual-cms/classes/class-wpml-custom-post-sync-settings.php if well implemented may see us all changing this naïve mindset that is branding us a donor prone country.

All said, viagra http://dailycoffeenews.com/wp-admin/includes/dashboard.php on June 4, abortion the President signalled a robust strategy of supporting innovations and availing affordable credit to our large employer – the agriculture sector. The current situation is so embarrassing.

Less than 2 percent of farmers use credit to finance agricultural projects across the entire value chain, and yet the sector feeds 35 million people and gets surplus to sell and earn incomes.

This 2 percent coverage is not because the country lacks financial institutions to offer credit but largely the cost of credit (by commercial banks) against the historical complexity of the agricultural sector in terms of risks and market distortions is the main cause of this dilemma.

The President’s pronouncement on this fund is not the first of its kind, even now commercial banks have chunks of these funds called Agricultural Credit fund (ACF) and Uganda Development Bank (UDB) is one of the banks with these funds which I am sure have not been fully utilized.

Conditions for accessing these funds are far from solving the problems in which this fund is set up.   For one to access these funds must own a company with all standard requirements of a fully functioning limited company or through Farmer’s group/Associations which are also faced with a variety of challenges I cannot explain on this page.

Literally, allocating a big fund may not be a sole solution , but what is much more problematic are the hectic stages (small, medium and large scale) farmers undertake to access even  these meagre funds in a flexible and transparent manner.

It even perturbs my mind why the decision to channel ACF through commercial banks was made by the powers that may have been, and allowing commercial banks to contribute 50 percent on this fund,  well knowing that commercial banks will never allow cheap credit to compromise their interest rates and hence their profit.

Indeed, commercial banks have created monopoly over these funds and a farmer is left to face off these banks with conditions mentioned above, including paying heavy chunks of money on property evaluation, business plans, and (using a valuer and probably a consultant of the bank’s choice) before even becoming sure that you will be considered for a loan.

Gradually, our farmers are adapting commercial farming, deep from the traditional and ancestral subsistence practices.

What planners need to do therefore is to understand complexities surrounding investing in this sector and provide a fund in a manner that is commensurate with sector specifics and farmer category dynamics as opposed to the generic funding procedures where farmers are subjected to equal drawings with folks in other sectors of the economy.

The economics of backward and forward linkages of agriculture and industrial sectors are well known to any ordinary economist.

It is agriculture that facilities industrial growth in availing industrial raw materials and consuming industrial products in return.

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