Marketing Corporations of The Ministry of Agriculture
Marketing Corporations
Under the Agricultural Transformation Agenda, the markets for agricultural commodities would be strengthened through the establishment of commodity marketing corporations around each of the commodities.
The Federal Government will support the development of private sector driven-marketing organizations to grow the agricultural sector.
The scrapping of marketing boards during the implementation of Structural Adjustment Programme (SAP) without any institutions to replace them or play their roles left millions of farmers in a precarious situation making access to market a very serious challenge. One of the effects of this has been price uncertainties and volatilities which left farmers at the mercy of middle-men.
These marketing institutions would be owned by agricultural value-chains and run as private sector led, but government enabled institutions to empower farmers and the value chain actors to generate value.
These new institutions, which would be called marketing corporations, will coordinate production and export of target commodities. They will also attract investment into the sector from Research and Development to infrastructure and processing.
They will also stimulate the development of tailored financial services to grow the sector.
The scrapping of marketing boards during the implementation of Structural Adjustment Programme (SAP) without any institutions to replace them or play their roles left millions of farmers in a precarious situation making access to market a very serious challenge. One of the effects of this has been price uncertainties and volatilities which left farmers at the mercy of middle-men.
These marketing institutions would be owned by agricultural value-chains and run as private sector led, but government enabled institutions to empower farmers and the value chain actors to generate value.
These new institutions, which would be called marketing corporations, will coordinate production and export of target commodities. They will also attract investment into the sector from Research and Development to infrastructure and processing.
They will also stimulate the development of tailored financial services to grow the sector.
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