KINGSTON, Jamaica, CMC – The Rome-based Food and Agriculture Organization (FAO) has approved a seven million US dollar grant for Jamaica to support a five-year development plan aimed at resuscitating the island’s ailing dairy sector.
Agriculture and Fisheries Minister, Roger Clarke said the five-year plan will include improvement in breed and pasture management as part of rebuilding initiatives and that concessionary loans will be offered to dairy farmers for animal acquisition under the plan.
The loans are available at an interest rate of five per cent with a loan ceiling of J$2.5 million (One Jamaica dollar =US$0.01 cents) to individuals, and $5 million for corporate entities.
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