Subsidies for struggling farmers
10 March 2019 | Business
The agricultural sector, including the Namibia Agriculture Union (NAU), the Namibia Emerging Commercial Farmers Union (NECFU) and the private sector have joined the Dare to Care Fund which is administered by the NAU.
The Dare to Care fundraising action is based on three pillars, namely a marketing action to collect N$10 million by the end of March 2019; to ensure complete transparency in the management of the fund; and the implementation of the subsidy on feed for drought aid.
The fund currently stands at nearly N$1.8 million.
As a founding member of the fund, Agra has undertaken to ensure that fairness, transparency and good governance are the order of the day. This includes that the fund will not hand out any donations, but will rather subsidize certain animal feed which is available to all communal, emerging commercial and commercial farmers.
The four production lines to be subsidized by Agra are whole yellow maize, sheep fattening pellets, cattle fattening feed and lucerne pellets. According to the fund, the subsidizing action is set to start on 1 April.
“Agra believes that more farmers will be reached through this collective effort,” said Agra's CEO, Arnold Klein. “We therefore encourage other role players to join in this gesture of goodwill and contribute to the fund. The fund will be audited by SGA Chartered Accountants.”