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Minard Estate Farms is planning a pasture improvement project in order to improve productivity, output and profitability of its 1,600 acre farm. The estate is located at Browns’ Town in St. Ann and is operated by the Agro-Investment Corporation. The farm already has a wide range of developed facilities such as paddocks, troughs, water supply systems, internal roads, offices, store rooms, reservoirs and living quarters and requires little additional capital investment. However pasture development will result in the availability of better forage material will assist in meeting the key performance criteria of weaning calves between 400lbs and 420lbs.
At present, the estate utilizes a little over 750 acres for pastures with the remainder in ruinate and fallow lands. The project will be carried out in a number of phases, over a seven year period, resulting in a herd increase from 763 to 1,429 heads of cattle and to convert an average of 273 animals per annum to revenue, generating revenues averaging J$20.8M over the seven year period. The initial phase will involve the improvement of 100 acres of pasture. The next phases will see the gradual development of 600 acres of existing pastures to fair grazing pastures with good forage material.
The government has been working to reduce the national food import bill and satisfy export demand for fine Jamaican produce. There is already strong demand internationally for Jamaican produce with food exports reaching US$274 million in 2012, an increase of 22.3% on the previous year[1]. The Jamaican agri-business sector has highly reputable produce, most notably Blue Mountain coffee and fine/flavoured cocoa, as well as bananas and sugar. However, the sector is becoming much more diversified. However, with large areas of fertile land, Jamaica has yet to reach its full potential in agricultural production.-------------------------
[1]Jampro
[2] Statistical Institute of Jamaica/Jamaica Customs Department
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Indicators for Labour Costs
1 - World Bank Doing Business
2 - EY Worldwide Personal Tax Guide 2014/15
Indicators for Utility Costs
1 - Climatescope
2 - Corporacion del acueducto y Acantarillado de Santo Domingo
3 - International Telecommunication Union - ITU
Indicators for Property Costs
1 - Cushman and Wakefield
2 - Cushman and Wakefield
3 - RLB - Rider Levett Bucknall (Caribbean Report)
4 - RLB - Rider Levett Bucknall (Caribbean Report)
Indicators for Taxes
1 - The Heritage Foundation
Indicators for Exports
1 - World Development Indicators
2 - Based on UN Comtrade database
Indicators for Size of Industry
1 - fDi Intelligence from the Financial Times based on World Development Indicators
2 - World Development Indicators
Indicators for Natural Resources
1 - World Development Indicators
Indicators for Track Record
1 - fDi Intelligence from the Financial Times
18 Trafalgar Road,
Kingston 10,
Jamaica W.I.
Phone: 876-978-7755 ext 2225
All investment project information has been obtained from publicly available sources.
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