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Storm insurance eyed for fisheries, farming sectors

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Michael Pintard

By NATARIO McKENZIE

Tribune Business Reporter

nmckenzie@tribunemedia.net

A Cabinet minister says he will hold talks with the Caribbean Disaster Emergency Management Agency (CDEMA) on providing "sector-wide" hurricane insurance for Bahamian farmers and fishermen.

Michael Pintard, minister of agriculture and fisheries, who is presently in Barbados attending the Caribbean Week of Agriculture, told Tribune Business that insurance for farmers and fishermen has long been a concern, and suggested its absence was a deterrent to persons entering the sector.

"We would have to look at a sector-wide approach to insurance," he said. "While I am here in Barbados that is one of the discussions I want to have with CDEMA; to look at that insurance component they have and see to what extent that facility applies to farmers and fishermen.

"I also want to talk to other ministers of agriculture and the inter-governmental agencies about how they are addressing the insurance issues relative to farmers and fishermen."

Mr Pintard said other issues being assessed were funding opportunities and technical assistance. The Minister and his team who have been touring the Family Islands to meet with farmers, and have been met with similar concerns on each visit.

"We are doing a tour of all districts talking to farmers. We recently went to Eleuthera. A lot of the same concerns we heard in some of the other islands were raised," he added. "One of the issues raised was with regards to clearing land for farming. There was also the issue of the continued training for our extension officers. Then there are the issues of funding and distribution.

"With regard to distribution we want to see how we can help farmers increase their production so that they can get their product to market. The Government can assist in that regard but farmers and government officials have to be careful that we are not filling a role a cooperative can better fill in terms of distribution.

"Looking at the packing houses, I think the time has come for us to entertain the idea of a public-private partnership or a cooperative filing the role of packing houses. Cooperatives are probably better suited to purchase from farmers and then market it to persons whether in New Providence, Grand Bahama or internationally," ," Mr Pintard continued.

"Governments should not be in the business of encouraging farmers to sell at the lowest possible price. Our role is to help them get the get the best possible price and assist them in marketing their product."

Comments

BahamaPundit 5 years, 6 months ago

The only slogan of FNM and PLP I will ever believe again is: Get as much as you can, as long as you can, out of the Bahamas Treasury.

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bogart 5 years, 6 months ago

Being in the hurricane zone and the lack of the local insurors to provide crop insurances has been one of the factors why farmrs fimd it diffocult to get finamcing. If crop insurances can be had at a feasible price then kudos to the Minister. There is great potential in the Agri sector to improve to help reduce thd billion dollar import bill and while other Administratons have had a go over the past 50 years wid illustrious examples of for,er farms like in Eleuthera more publicity should be given to present successfull farms lkke in GB, the Mennonites, Abaco where past govt have kept them top secrets from the people.

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bogart 5 years, 6 months ago

.what does the FISHERIES dept do...?????

Seems wid the Defence Force best experts emforcing laws ....BAMSRI being the leading experts modern technological international MARINE..SCIENCE Research Institite.....MInistry of Health expets...monitoring Food outlets...preparatifood...selling licendi.health certificates ..BAHAMAS NATIONAL TRUST.....monitoring.patrolling....wardens....What does Fisheries....they do if these main functions are capably handled by experts in other Govt Ministries......????....is this a case of Bahamas Mortgage Corporation....Bahamas Development Bank....Bank of the Bahamas ....doing the same things...???.?

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