Speaking to farmers in Tukavesi, Cakaudrove, Minister for Agriculture, Waterways and Environment Hon. Dr Mahendra Reddy said no farmer, business, person or country can grow without Savings and Investment.

“Investing in agriculture is one of the most effective ways of reducing hunger and poverty, promoting agricultural productivity and enhancing environmental sustainability”, he said.

Minister Reddy added that investments made by the farmers themselves are indispensable. Their investments constitute the foundation and the engine for sustainable development and the reduction of poverty and hunger.

“For farmers, the main sources of investment finance are their own savings and their fixed capital, which are used as collateral for credit. Capital formation is certainly higher for farming households with positive savings and clear, legally recognized ownership of their land”, Dr. Reddy said.

He noted that farmers consume all surplus leaving no room for Investment in critical implements and infrastructure. This contributes to zero or slow growth of the farmer in rural areas. 

-Ends-

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