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Farm bank in private sector suggested

KARACHI - The Governor of Sindh Mohammedmian Soomro on Tuesday suggested that an agriculture bank in private sector be established to supplement government efforts for increasing farm production of all major cash crops.

Speaking as a chief guest at a seminar on 'Rice from sowing to export' organized by the Rice Exporters Association of Pakistan (REAP), the governor said presently Rs40 billion are being given to agriculture sector from the banking system which remains insufficient.

Due to rising cost of input and need to adopt modern techniques the financial needs which stands upto Rs100 billion of agriculture sector, the governor said, are not being fully met. Similarly, he said to avoid losses to any segment of trade, including growers farm insurance system be introduced like the cooperative societies.

Soomro stressed upon all the stakeholders to realize that their survival depend on each other and no single sector could benefit by out manoeuvring the others. However, the governor said it is heartening to see that all the stakeholders in rice crop are presently assembled under one roof which had been his dream to witness such relationship and inter action among various interest groups.

Soomro called upon the millers to modernize their processing units and should adopt new techniques and similarly suggested to the growers to improve their per acre yield which is presently amongst the lowest in the world.

Referring to marketing of goods the governor said it is not a simple task and needs all the salesman skills to sell your products, therefore, he urged upon the exporters to adopt rapidly changing methods of marketing and presentation.

By simplifying carrying a bag of rice and display it at any trade fair will not now give results, he maintained and said new presentation methods be immediately adopt to increase exports.

Soomro took serious note of a complain lodged by the president Sindh Chamber of Agriculture, Qamar-ur-Zaman Shah, that some exporters after buying huge quantity of rice disappeared resulting in financial loss to the tune of Rs10 million to the growers.

Nevertheless, the governor said, in open market system one has to judge that why the buyer is giving 5 to 10 per cent higher price than the prevailing market price. He said it is always greed which put a man into financial crisis.

He called upon the rice scientists to evolve rice varieties and rice technologies which are in accordance with the latest developments like water shortages, delay in water arrivals, demand of better grain quality in international market, less susceptibility to pest attack.

Use of agriculture machinery, like rice transplanters, combined harvesters, rice bed ridgers etc., should be promoted and cheaper versions of these machines may be developed for adoption by all rice growers.

Since rice exporters, Soomro said, are the main beneficiaries from the crop they should come forward for assisting in development of the rice crop on modern lines.

The governor said assistance is required in laying out of demonstration plots of modern rice cultivation techniques in rice growing areas, promotion of latest harvest and post harvest techniques, development of modern rice milling and processing as well as creation of awareness among rice farmers and rice millers through electronic media, particularly television be launched.

He suggested to the rice growers to take up agriculture as business, adopt scientific methods of cultivation, harvesting and post-harvesting and added that quality of rice is greatly affected by faulty methods of harvesting and threshing, which should be improved. The growers, he said should concentrate on increasing yield per acre and invest in the land so that they can earn more.






courtesy Daily Dawn, 3 April, 2002

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