Local investors for major corn and soya bean project

Bounty Farm Assistant Managing Director David Fernandes (centre) in dialogue with Minister of Agriculture Zulfikar Mustapha (left) and ministry Director General Madanlall Ramraj. (Ministry of Agriculture photo)

Local investors are to undertake an agricultural project intended to eliminate the dependence of the poultry sector on imported feed supplies. 

A Ministry of Agriculture release yesterday announced that six local companies have joined forces to undertake a “massive project” that could place Guyana on the path to becoming self-sufficient in corn and soya bean over the next few years.

The consortium which consists of Guyana Stockfeeds Ltd, Royal Chicken, Edun Farms, SBM Wood, Dubulay Ranch and Bounty Farm Ltd, along with the Brazilian-owned N F Agriculture plans to produce soya bean and corn for both the local and the regional markets. So far, the team has engaged several other relevant bodies like the Guyana Lands and Surveys Commission (GLSC), the Guyana Office for Investment (G-Invest), and other relevant stakeholders. Once given the green light, cultivation is expected to commence before the end of the year.