Weir slams banks for high fees, interest rates barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
Chief Executive Officer (CEO) of the Barbados Agricultural Society (BAS) James Paul Monday called for a permanent fix for farmers as talks continue on reducing operating costs in the sector.His appeal comes as Pinnacle Feeds suspends its decision to raise the price of feed following Government’s intervention last week.Paul however contends that as the cost of grain on the world market remains elevated, Pinnacle Feeds may have no choice but to pass on the additional cost to farmers who are already struggling with high operating costs if Government does not find a way to continue to subsidize the livestock sub-sector.“Until some kind of way is found out, the situation is that we will see a price increase in feed and that company has clearly indicated that to the sector. We are hoping that Government can find a way to find some type of subsidy and if they don’t then we will have to deal with the increase in prices.
‘Barbadian consumers may not have to dig deeper into their pockets to pay for meat this Christmas after all.That’s because the price hike which livestock farmers were to start paying for feed on Wednesday has now been put on hold until a more long-term arrangement can be established to cover future operating costs to producers.Following the intervention of Minister of Agriculture and Food Security Indar Weir, the lone feed supplier – Pinnacle Feeds Limited – has agreed not to implement the 3.7 per cent increase which the farmers would have had to pay for the commodity.
A sugar revival in the works - Barbados Today barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.
BARVEN challenges stall allocation - Barbados Today barbadostoday.bb - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from barbadostoday.bb Daily Mail and Mail on Sunday newspapers.