Government Providing $70M in Funding Assistance for Dairy Farmers

The Government is providing approximately $70 million in loan funding assistance for the island’s dairy farmers. 

Minister of Agriculture and Fisheries, Hon. Floyd Green, says the funds are being provided through the Jamaica Dairy Development Board’s (JDDB) Dairy Concessionary Loan Programme. 

“Through this financial scheme, farmers can improve the quality of [their livestock and] increase [their] herd numbers,” Mr. Green said. 

He was speaking during a ceremony for the hand-over of silage to the St. Elizabeth Dairy Development Co-operative, on Friday (July 23), at the Island Dairies farm in Goshen, St. Elizabeth. 

Silage is a type of fodder derived from green foliage crops which have been preserved by acidification, achieved through fermentation. It can be fed to cattle, sheep and other ruminants (cud-chewing animals). 

The silaging initiative is being undertaken by the JDDB in collaboration with Island Dairies. 

Mr. Green indicated that the Ministry has partnered with the National People’s Cooperative Bank of Jamaica Limited, First Heritage Co-operative Credit Union Limited, and Sagicor Bank on the funding facility for dairy farmers, adding that “we are looking to get more entities on board.” 

He encouraged other financial sector stakeholders to design products which can also be accessed by farmers. 

Mr. Green indicated that the Ministry was on a mission to grow the local dairy sector and modernise its operations in a manner that enables its contribution to furthering Jamaica’s development. 

“Last year we rehabilitated about 78.7 acres of pastures, and we established 106 acres of fodder banks, and throughout the fodder conservation programme last year, we produced 224 tons of silage,” he informed. 

The Minister added that “we ensured that we trained 28 farmers, as we are creating [an] enabling environment [for them].”  

As part of the day’s activities, Mr. Green also visited Bogue Hill Dairies in St. Elizabeth.  

He was accompanied on the visits by officials from the Ministry, members of the JDDB, as well as personnel from the College of Agriculture, Science and Education (CASE), Nutramix and Hi- Pro. 

There was also a live demonstration of the silaging process by animal nutritionist at Hi-Pro, Khalil Brown.