Nipate
Forum => Kenya Discussion => Topic started by: Simanova on July 11, 2016, 10:53:02 AM
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Try comparing with what Kibaki and Uhuru have given coffee farmers and substract from whatever profit the country has got and you realize it is more economic to cut down those coffee trees and just give out handouts to the so called farmers. This payout is larger than has ever gone to Sugarcane farmers
"Final"? May be this round.
This is yet another reason people feel the presidency must belong to them. Look at the fraudulent IDPs in camps. How many "Final" resettlement pay outs shall we see in our lifetime?
Coffee farmers still feeling the pinch caused by huge debts owed by their cooperative societies have a reason to smile. The government has announced it is in the final phase of writing off the debts.
Treasury CS Henry Rotich said the government has set aside Sh700 million to scrap off the debts, which will free farmers who have been losing money every season repaying the loans. The loans were accrued decades ago when coffee farming faced hurdles. He spoke on Friday while commissioning the Agriculture Finance Corporation branch in Nanyuki town.
The CS said the loans amounted to Sh4.5 billion. Although, a huge portion of the debts has been settled. The National Debt Write-off Programme was launched by President Uhuru Kenyatta, then Finance minister, in December 2011.
The Treasury released Sh797 million to eight financial institutions and unions, which loaned the money to farmers.
The funds released in the first phase covered 27 per cent of the total debts. But Rotich said the government had until Thursday last week, the close of the last financial year, cleared Sh3.5 billion.
Last financial year, the government set aside Sh500 million for the debt write-off. This year, Sh700 million has been allocated for the programme. The writing off of the debts comes after farmers petitioned Uhuru to ensure all the debts are settled, terming them a huge drawback to better returns. During his February tour of Central Kenya where he was stationed at the Sagana State Lodge, Uhuru said a task force will be formed to investigate problems in the subsector.
The task force has already tabled a report, although a lobby group claiming to represent peasant coffee farmers has distanced itself from the report and the team, saying farmers’ views were not included.
http://www.the-star.co.ke/news/2016/07/06/debt-write-off-in-final-phase-coffee-farmers-see-profits-again_c1380777?platform=hootsuite
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There are no poor farmers who benefit from these loan write offs and subsidies as they rarely took loans - it is all for the cartel dons manning the value chains- KPCU old billionaires, factory managers, farmers Sacco managers and the govt brokers. Whether coffee, sugar cane, maize, name it.
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There are no poor farmers who benefit from these loan write offs and subsidies as they rarely took loans - it is all for the cartel dons manning the value chains- KPCU old billionaires, factory managers, farmers Sacco managers and the govt brokers. Whether coffee, sugar cane, maize, name it.
Precisely the best thing in the coffee industry is fully liberalisation which will include amendment to the coffee act. That way farmers dont have to take their coffee to cooperatives . The government is propping a failed system . On another note I think sugar millers debt was written off to the tune of 40b http://www.businessdailyafrica.com/Corporate-News/Treasury-writes-off-Sh40bn-sugar-millers-debt/-/539550/1694480/-/9h3rrkz/-/index.html .Its all exercise in futility, solution is full liberalisation. Horticulture,dairy, nuts isectors are thriving because they arent regulated.