Caibbean Agriculture Industry

image21

Overview

Agriculture in the Caribbean has a major role to play in the pursuit of sustainable development in the Caribbean but it is in decline in most of the region. The decline is due to loss of cost competitiveness, erosion of trade preferences for the export of traditional products like sugar and bananas, and underinvestment in the sector. In addition, areas such as the agricultural sector the world over, suffers from vulnerability to natural disasters and price volatility. Despite this trend, Caribbean states such as Jamaica, Trinidad and Tobago, Belize, and Guyana has seen marginal growth in their respective agricultural sectors. The CARICOM single market and economy cites agriculture as a key component of economic resilience within the Caribbean. Its strategic plan for 2015-2019. This fact sheet examines the support by various entities in the Caribbean for agriculture. 

image22

Generate excitement

The World Bank has created a Regional Agricultural Competitiveness Project for OECS countries. The main goal is to increase market access as well as sales for farmers and fishers, as well as their allied ‘aggregators and agro-processors.’

image23

Objectives

  • Promote entrepreneurship within the agricultural sector, in order to promote wealth among farmers as well as contribute towards a positive trade balance in the future.
  • Encourage youth engagement in the agricultural sector through incentives and educational workshops. 
  • Form a linkage between agriculture and tourism so as to promote use of local produce in hotels and restaurants in the region. 

SDGs

image24

Sustainable Development Goals

Food Security

image25

Create Employment

image26

Mitigate Climate Risks

image27

Innovation and Implementation

image28

Regional Development Growth

image29

Source: Caribbean Development Bank

Source: Caribbean Development Bank

Source: The World Bank

image30