Agriculture ministry releases Ksh 3.55B for fertilizer subsidy

FERTILISER FARMERS

Farmers in counties where short rains are expected from October will be the first beneficiaries of a Ksh 3.55 billion fertilizer subsidy programme announced by President William Ruto last week.

The Ministry of Agriculture’s Crop Development and Agricultural Research Principal Secretary Dr Francis Owino says following the directive by the President, the funds have been availed and will be used to subsidize 71,000 metric tonnes of fertilizer to farmers which will cover 1.4 million acres during the plating season.

As one of the first directives after being sworn as the 5th President of Kenya last Tuesday, Dr Ruto directed that 1.4 million bags of fertilizer be availed to farmers across the country at a maximum subsidized price of Ksh 3,500 per 50Kg bag from the previous Ksh 6,500.

“To ensure efficient delivery and effective control mechanisms are in place, the fertilizer will be availed through the National Cereals and Produce Board (NCPB) depots and sub-depots countrywide effective 19th September 2022. Individual farmers will be entitled to a maximum of 100 x 50kg bags of fertilizer,” said Dr Owino.

As a result of the subsidy fund, a 50kg bag of DAP will retail at Ksh 3,500, CAN Ksh 2,875, UREA Ksh 3,500, NPK Ksh 3,275, MOB Ksh 1,775 and Sulphate of Amonia Ksh 2,220.

“The Ministry appeals to farmers requiring fertilizer in the short rains dependent areas to vist the nearest NCPB depot or sub-depot to access the subsidized fertilizer,” Dr Owino added.

The move by the new administration is expected to shore up food production and subsequently help stabilize food prices which have escalated in recent months as inflation rate rose to 8.5pc in August.

The Agriculture ministry estimates improved crop yield of 50pc if the fertilizer is applied appropriately.

Dr Owino attributes the spikes in fertilizer prices to the global phenomena including COVID-19 and the Russia-Ukraine war which has consequently made the commodity inaccessible to most farmers.

The skyrocketing prices have affected both large scale and smallholder farmers in the past one year denting the country’s quest to achieve 100pc food nutrition and security.

  

Latest posts

KTDA fires eight employees linked to former directors

Muraya Kamunde

Costly fuel, electricity push September inflation rate to 9.2pc 

Ronald Owili

EPRA shuts three petrol stations over fuel adulteration

Ronald Owili

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

%d bloggers like this: