The Hi-Pro Division of the Jamaica Broilers Group has launched a new Backyard Layer programme for small farmers.
Growth of 17 per cent in the agricultural sector in 2016 resulted in a reduction of US$6 million in the country’s food-import bill up to October, says Principal Director in the Ministry of Industry, Commerce, Agriculture and Fisheries, Shaun Baugh.
Hi-Pro is continuing its “Grow with Hi-Pro” Program, and working with farmers to improve their profits through increased output per acre.
Poultry company Jamaica Broilers Group (JBG) earned $439 million for the second quarter, up eight per cent due to higher sales revenue.
Despite an increase in costs associated with its new Iowa plant, and foreign currency translation costs associated with US dollar-denominated expenses, Jamaica Broilers was able to improve earnings by two cents for the second quarter ended October 29, 2016.
Minister of Industry, Commerce, Agriculture and Fisheries Karl Samuda is commending the country’s pig farmers for the strides being made in the industry, which have seen the country gain self-sufficiency in the production of pork, while reducing imports of meat.
He noted that the output of pork has grown by 22 per cent, moving from 6.3 million kilograms in 2003 to 7.7 million kg in 2015, with production peaking at 9.5 million kg in 2012.
Jamaica Broilers Group sales topped $10 billion in the first quarter ending July, a double-digit increase that came as the poultry company sold more eggs regionally, and booked results from its newest American acquisition for the first time.
The disposal of operations at Port Esquivel, a positive contribution made by its latest US acquisition, plus improved results from Haiti fed higher net earnings for Jamaica Broilers Group (JBG) for the first quarter ended July 2016.
A nascent and little-known drone operating company, Agrocaelum, is already making inroads in the local agricultural sector as farmers tap into the new technology to improve their output and bolster farm management practices.
Minister of Industry, Commerce, Agriculture and Fisheries Karl Samuda says there is no question that the government will achieve its five per cent growth target as agriculture alone will grow the economy by two per cent this year.
“This is the ministry that is going to increase the level of growth in the country,” said Samuda while addressing patrons at the 64th staging of the Denbigh Agricultural, Industrial and Food Show in Clarendon yesterday.