Finance Minister Colm Imbert yesterday announced a $30 million agricultural stimulation package in the 2022 Budget for Tobago, which is expected to create opportunities for about 100 farmers on about 300 acres of farmland.
Imbert announced that a part of the $2.357 billion allocation for Tobago was a $30 million for farmland development, designed to allow for the rehabilitation of abandoned or underutilised agricultural estates and to assist farmers in Tobago to upgrade existing farmland infrastructure, equipment and technology and bring new areas into production.
Addressing the allocation afterwards, Tobago House of Assembly (THA) Chief Secretary Ancil Dennis said he was putting Tobago’s farmers on notice.
Dennis told Guardian Media that some Tobago farmers have been clamouring for access to state lands and the time of redemption had arrived.
“This $30 million will be used to develop at least three areas as part of Phase One: Lammy Road, Argyle, Belmont Road in Hope and Friendship Estate, a total of almost 300 acres of land and that is expected to allow us to place approximately 100 or so farmers into those developments to engage in a higher level of agriculture production,” Dennis said.
He said in Argyle, there are farmers who are currently operating without being regularised. He said they will be regularised and there will also be room for new crop farmers to operate.
“Belmont Road will be strictly for livestock purposes and of course, in Friendship, we expect to have a mix of livestock and crops, especially those technological arrangements like hydroponics and aquaponics and that kind of thing,” he added.
Dennis said the Tourism and Hospitality Support Programme, to which $50 million was allocated, was another welcome initiative in the Budget. He promised to reveal the full details of the programme, which he said will provide support for tourism sector workers and businesses in the coming days.
Dennis said he was quite satisfied with the Budget, saying although there are numerous challenges facing countries around the globe with the pandemic, there were no ‘harsh’ measures announced.
“All in all, I am quite satisfied with not only Tobago’s allocation, but the Budget presented by the Minister of Finance. I think it is quite relevant and despite the challenges, I did not hear any harsh measures.”
Dennis said he believes that oil prices that were not too bad allowed the Finance Minister to stay away from those harsh measures and be ‘flexible’ in the Budget. He said there were many programmes in the Budget to stimulate business and support the business community through the pandemic.
“In addition to that, I think some initiatives, as well, provided meaningful support to our vulnerable persons, especially given the situation now with increased food prices, all of which is the result of the pandemic,” he said.
Tobago’s allocation will be $2.357 billion, to include $2.075 billion for recurrent expenditure, $264 million for capital expenditure and $18 million for the URP programme. This represents 4.5 per cent of Budget.
Minister Imbert said that $788 million will also be spent in Tobago by Government agencies and statutory authorities.
