BAS urges dairy farmers to hold strain for gov't loan rebate

Chief Executive Officer of the Barbados Agricultural Society (BAS) James Paul is imploring dairy farmers, who invested $1.1 million last year in the import of heifers to bolster the dairy industry, to hold strain on Government’s promised loan rebate.
Last October, the BAS secured financing from RBC Royal Bank on behalf of the six farmers for the importation of 194 cows from the United States.
The farmers, who were required to deposit 20 per cent of the loan sum, were also given guarantees from the Ministry of Agriculture that they would earn rebates on the purchase of the cattle.
However, upset farmers have told Barbados TODAY that eight months later they were yet to receive one cent of the promised rebate, with no visible evidence to date to suggest that Government intends to keep its promise to them.

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