Rabobank, UN launch US$1b fund to boost sustainable farming

NEW YORK - Rabobank has launched a US$1 billion fund with the United Nations to finance farmers as they transition to more sustainable practices. Rabobank plans to offer a mix of grants, loans with lower interest rates and insurance products with the three-year programme, a move that came after food companies and consumers were demanding…

Zim pays farmers US$400m for grain deliveries

ZIMBABWE - Government has so far paid close to $400 million to farmers after they delivered 1,1 million tonnes of maize to the Grain Marketing Board. This comes after Treasury upped weekly disbursements to GMB to about $40 million to farmers every week to boost farmers' preparations for the 2017 /2018 summer cropping season. Agriculture,…

Zim pays farmers US$400m for grain deliveries

ZIMBABWE - Government has so far paid close to $400 million to farmers after they delivered 1,1 million tonnes of maize to the Grain Marketing Board. This comes after Treasury upped weekly disbursements to GMB to about $40 million to farmers every week to boost farmers' preparations for the 2017 /2018 summer cropping season. Agriculture,…

UK wheat harvest beats forecasts, easing ideas of supply squeeze

UK - The UK wheat harvest rebounded more than had been expected this year, official data showed, easing ideas of a squeeze on supplies which spurred calculations of the UK remaining a net importer of the grain. The UK, the European Union's third-ranked wheat grower, raised wheat production by 5.4% this year to 15.16m tonnes,…

Group says 12m farmers set for rice growing scheme

NIGERIA - The National President, Rice Farmers Association (RIFAN), Aminu Goronyo, says more than 12 million rice farmers will participate in this year’s Anchor Borrowers Programme of the Central Bank of Nigeria (CBN). Mr. Goronyo disclosed this to the News Agency of Nigeria (NAN) in Kaduna on Thursday, while sensitising rice farmers to the requirements…

IGC ups world grains harvest to second largest on record

WORLD - The International Grains Council lifted its estimate for the world grains harvest to the second largest on record, citing improved ideas on wheat and, especially, corn production. The intergovernmental group raised by 20m tonnes to 2.069bn tonnes its estimate for world production of wheat and coarse grains, such as barley, corn and sorghum,…

Nigeria becomes World’s second leading sorghum producer

NIGERIA - Nigeria’s agricultural production of sorghum has leaped to the second place, now trailing only the United States in annual production. Data obtained from the United States Department of Agriculture (USDA) forecasts world sorghum production at 59.34 million metric tonnes for 2017/2018. Of this number, USA’s output is projected to reach 8.4m metric tonnes…

France to end support for organic farming despite protests

FRANCE – France has made a decision to cut off support to organic farmers by 2018, despite the growth of the organic agriculture - a decision that could weaken the sector, as it did in the UK and Netherlands. In France, organic agriculture accounts for 7.3% of farmed land and 10.8% of agricultural employment, with…