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Agriculture minister looking to long-term fixes for industry

As public officials work on a strategy to assist struggling farmers with a possible feed increase, Government signals it is not in favour of providing any further subsidies.Minister of Agriculture Indar Weir made this revelation on Friday at the ministry’s headquarters, Graeme Hall, Christ Church following a ceremony to commemorate World Food Day, which is recognised internationally on October 16.Weir told Barbados TODAY that a subsidy was a temporary quick fix and not a long-term solution.

Graeme hallChrist churchBarbados agricultural societyBarbados chamberMinistry of agricultureMinistry of energyBusiness developmentAgriculture indar weirWorld food dayPinnacle feeds

Pinnacle Feeds working with Ministries on feed pricing

Pinnacle Feeds continues talks with the Ministry of Agriculture and the Ministry of Energy and Business to work out the next step on animal feed pricing. In a statement Pinnacle Feeds said it will “continue to explore all options available to find the optimal outcome for local farmers,our company, employees and the wider Barbadian public.” On October 8, 2022, Pinnacle Feeds revealed that it was no longer going to increase …

Ministry of agricultureMinistry of energyPinnacle feeds

Pinnacle Feeds remains committed to best outcome for farmers, employees and the wider public

Pinnacle Feeds remains committed to best outcome for farmers, employees and the wider public
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Ministry of agricultureMinistry of energyBusiness developmentPinnacle feeds

Last straw - Barbados Today

As Government officials work behind the scenes to avert a hike in animal feed prices, farmers have declared that another increase in the cost of the product could drive them out of business.Saying that they simply cannot afford to pay more at this time, they warned of layoffs and even bankruptcy with a possible hike by Pinnacle Feeds looming.Minister of Business Kerrie Symmonds told Barbados TODAY that an analysis is being conducted to determine the extent of the challenges the company said had contributed to its decision to increase prices by as much as 11 per cent and inform recommendations on the way forward.The manufacturer of poultry and livestock feed informed the Barbados Agricultural Society (BAS) last week that it could no longer hold off increasing prices until January 2023, given increasing input costs. However, it subsequently announced that it would delay the planned increase.

Aamir jumanAnthony brankerKerrie symmondsBarbados agricultural societyFasons foods incBarbados chamberBarbados pig farmers cooperative society david catlynDairy producers association brian allanMinistry of agriculturePinnacle feedsBusiness kerrie symmondsRoberts manufacturingIndustry anthony brankerAgriculture indar weirFasons foodsAmir chicken

We re out! - Barbados Today

The price of animal feed is set to go up by as much as 21 per cent from next Monday, with the island’s lead manufacturer of poultry and livestock feed saying it can no longer stick to its agreement to hold off increases until next January.The increase was reportedly communicated to the Barbados Agricultural Society (BAS) by Pinnacle Feeds which stated that the price compact that the private sector signed with the government in July this year has had a significant impact on the company’s financial performance and it was impossible to delay the hike.The price increases will range from six to 21 per cent.Under the compact, the feed supplier had committed to not increasing animal feed prices for the next six months, unless an extraordinary event occurred.However, in correspondence to the BAS, it said it had no choice but to break from the compact at this time, given its massive reduction in profits and capital.The company said breaking the agreement “will enable the company to partia

James paulBarbados agricultural societyPinnacle feedsExecutive officer