{"id":69182,"date":"2022-09-23T12:16:15","date_gmt":"2022-09-23T12:16:15","guid":{"rendered":"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts"},"modified":"2022-09-23T12:57:01","modified_gmt":"2022-09-23T12:57:01","slug":"fertiliser-subsidy-without-credit-not-enough-for-farmers-experts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts","title":{"rendered":"Fertiliser subsidy without credit not enough for farmers \u2013 experts"},"content":{"rendered":"

Africa-Press – Kenya. <\/strong><\/span>Giving farmers subsidised fertiliser is not enough, economic experts now say, calling for increased access to credit for farmers.<\/p>\n

They have termed the subsidy as a basic political solution to an economic problem, saying subsidies generally have proven to be ineffective in addressing real economic issues.<\/p>\n

\u201cIn recent past, we\u2019ve had subsidies on fuel and maize flour. We witnessed a case where not all citizens and business operators benefit from the programme as other players were excluded,” senior lecturer at Strathmore University, Lucy Muthoni, said.<\/p>\n

In other cases, distributors were hoarding the subsidised products for their personal gain.<\/p>\n

\u201cJust like maize flour, we could foresee much like same scenario where some farmers will not have access to the subsidised fertiliser,\u201d Muthoni said.<\/p>\n

Fertiliser contributes about 20 per cent of the total cost of agricultural production, hence there\u2019s need for the government to look into other factors such as credit facilitation, she said.<\/p>\n

A lead markets analyst at trading company FXPesa, Rufas Kamau, said farmers are having a hard time accessing credits which would back them on strategies to increase production.<\/p>\n

\u201cIt is very hard for farmers to borrow agricultural loans because of the uncertainty in production, market availability, and harvest price fluctuations. Unless it is government subsidised loans,\u201d Kamau said.<\/p>\n

The subsidised fertiliser programme will see a 50kg bag of DAP fertiliser retail at Sh3,500, CAN at Sh2,875, Urea at Sh3,500, NPK at Sh3,275, MOP at Sh1,775 and Sulphate of Ammonia at Sh2,220.<\/p>\n

Speaking during a twitter forum on the economic outlook, experts reiterated that subsidies are short term measures that have far reaching consequences in the future.<\/p>\n

They urged the government, together with the exchequer, to enhance the country\u2019s fiscal and monetary policies in order to do away with subsidies.<\/p>\n

“Subsidised loans could lead to commercial lenders choking farmers with high interest rates which would only repel the farmers from accessing the credit,” Kamau said.<\/p>\n

According to the Central Bank of Kenya\u2013Bank Supervision Annual Report (2021), the agricultural sector recorded mixed performance in 2021, a year that the sector’s growth contracted by 0.1 per cent.<\/p>\n

This was after a 5.2 per cent growth in 2020.<\/p>\n

The contraction was attributed to erratic and poorly distributed long rains, as well as inadequate short rains.<\/p>\n

There has been calls for strategies such as affordable loans to boost the declining production.<\/p>\n

With the sector projected to grow by 6.3 per cent this year, efforts to increase lending to this critical segment of the economy needs to be enhanced, CBK notes.<\/p>\n

For More News And Analysis About Kenya<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Kenya. Giving farmers subsidised fertiliser is not enough, economic experts now say, calling for increased access to credit for farmers. They have termed the subsidy as a basic political solution to an economic problem, saying subsidies generally have proven to be ineffective in addressing real economic issues. \u201cIn recent past, we\u2019ve had subsidies […]<\/p>\n","protected":false},"author":84,"featured_media":69181,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[6857,7003,544],"class_list":["post-69182","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-kenya","tag-kenya"],"yoast_head":"\nFertiliser subsidy without credit not enough for farmers \u2013 experts - kenya<\/title>\n<meta name=\"description\" content=\"Giving farmers subsidised fertiliser is not enough, economic experts now say, calling for increased access to credit for ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Fertiliser subsidy without credit not enough for farmers \u2013 experts\" \/>\n<meta property=\"og:description\" content=\"Giving farmers subsidised fertiliser is not enough, economic experts now say, calling for increased access to credit for ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts\" \/>\n<meta property=\"og:site_name\" content=\"kenya\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-23T12:16:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-09-23T12:57:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/09\/postQueueImg_9-632dace372033.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"561\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Fertiliser subsidy without credit not enough for farmers \u2013 experts\",\"datePublished\":\"2022-09-23T12:16:15+00:00\",\"dateModified\":\"2022-09-23T12:57:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts\"},\"wordCount\":436,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/kenya\/sites\/28\/2022\/09\/postQueueImg_9-632dace372033.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Kenya\",\"Kenya\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts\",\"url\":\"https:\/\/www.africa-press.net\/kenya\/all-news\/fertiliser-subsidy-without-credit-not-enough-for-farmers-experts\",\"name\":\"Fertiliser subsidy without credit not enough for farmers \u2013 experts - 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