Gov’t budgets $887m to support corn and soya farming for livestock feed

Government has budgeted some $887 million for infrastructure needed to support the largescale cultivation of corn and soya bean by private investors in order to safeguard the country’s livestock feed supply.

Minister of Finance Dr Ashni Singh, during his budget presentation yesterday, told the National Assembly that government has committed $236 million for the procurement of a drying and storage facility and an additional $225 million installation and other works.

A further $426 million will be spent to complete the rehabilitation of 47 kilometers of a vital Ituni to Tacama farm-to-market road, starting from the junction of the Linden/Ituni road and heading east towards the Berbice River.  Last year, some $102 million was spent to commence rehabilitation works on the road.