JIS News

Minister of Agriculture, Dr. Christopher Tufton, said that Government was pursuing a number of initiatives for young people to pursue a successful career in agriculture.
Responding to a caller on the radio programme, ‘Jamaica House Live’ earlier this week, Dr. Tufton said there was the need for aspiring agronomists to have financial support for their education.
The Credit Bureau will allow persons to build up good credit ratings based on their history of repaying loans rather than access to collateral.
Minister Tufton also said that his Ministry had a special programme to support young graduates in this industry.
“We just passed legislation for a Credit Bureau which is going to make it easier and better for young persons who have the ambition and who are committed and disciplined, to access those loan funds even more than they can at this point in time”, the Minister said.
The Credit Bureau will allow persons to build up credit ratings based on their history or loan repayment instead of just collateral.
Minister Tufton also said that his Ministry had a special programme to support young graduates in agriculture.
“We started last year a Youth in Agriculture programme where we advertised to attract young people with tertiary level agricultural training. We have put them in a pool. We have helped them to develop business plans, linked them to arable lands and provided them with soft loans that do not require the traditional forms of collateral. We have a number of them in the system.”
According to Minister Tufton, the agricultural sector saw an overall 20% increase in the last quarter and 1,200 new agro investors entered the sector last year.

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