Grenada (Now Grenada) – Farmers and Extension Officers are now more knowledgeable in financial management, having participated in a workshop on Farm Management and Record Keeping.
The capacity building session which was hosted by the Ministry of Agriculture in collaboration with the Grenada Development Bank, saw input from Minister for Agriculture Hon. Peter David, General Manager of Grenada Development Bank Mervyn Lord and Senator Roderick St Clair Farmers and Fisheries Representative in the Senate.
The Grenada Development Bank, previously known as the Agricultural Bank, provides loan assistance to farmers. However, since the early 2000s, non-performing loans, especially in the farming and fishing categories, have made it difficult to carry on this task effectively.
Minister for Agriculture, Hon. Peter David underlined the importance of the business of farming in livelihood development. Minister David said underdevelopment, particularly in the rural communities, can only be remedied when finance in agriculture is addressed.
