…as over $403M distributed to Region 2 rice farmers

Over $403 million was distributed to rice farmers in Region Two (Pomeroon-Supenaam) on Saturday as the Government fulfilled a commitment made to the sector earlier this year, with President Dr Irfaan Ali assuring farmers that his administration will continue investing in initiatives to ensure the long-term viability and profitability of rice production. The Region Two distribution is part of a nationwide $3 billion subsidy programme for rice farmers. This initiative is in keeping with a commitment made by President Ali in April following consultations with farmers across the country. From those consultations, it was agreed that rice farmers cultivating 50 acres or less will receive $15,000 per acre, while those cultivating more than 50 acres will receive $10,000 per acre. More than 5100 rice farmers cultivating over 235,000 acres of rice across Guyana are set to benefit.

Addressing hundreds of farmers during the distribution exercise held at the Anna Regina Town Council’s compound, President Ali said the initiative was another demonstration that the Government continues to honour its promises.