Inflation Policy Dialogue
Dr. Patrick Karangwa discusses strategies to address inflation through agricultural policies, focusing on the impact of drought, fertilizer prices, and transportation costs on agriculture production. The presentation emphasizes the importance of increasing subsidies, expanding irrigation, and improving access to finance and insurance in the agricultural sector.
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Presentation Transcript
Inflation Policy Dialogue Agriculture Policies for Mitigation of Inflation Patrick KARANGWA (PhD) Director General of Agriculture Modernization/MINAGRI Presented during the Policy dialogue on inflation organised by EPRN (www.eprnrwanda.org ) 23 FEB 2023
Seasons 2022 A and 2023A Context Seasons 2022 A and 2023A Context Severe drought, that affected many parts of the country mostly in the Eastern Province and Southern Province Hiking of fertilizer prices on the global market Cost of transport hiked While agriculture production had consistently achieved a growth rate of 5% on average and at times 7%, 8%, 10%, growth rate decelerated over seasons 2022A 2023A Agriculture production does not increase by randomly Increased use of inputs, especially fertilizers, is critical Increase in area under agriculture Availability of water for the crops and livestock Improvements in extension and coordination
Policies for Mitigation of Inflation Policies for Mitigation of Inflation - - Agriculture Agriculture Increasing subsidy on agriculture for food production Government increased subsidy allocation on fertilizers In 2021: 20.7 billion subsidy on fertilizers In 2022: 35.1 billion subsidy on fertilizers In particular, in season 2023A, Government provide to farmers DAP and urea fertilizers at 100% subsidy to be applied at the time of weeding Distribution of seed/planting materials of drought tolerant crops (cassava, sweet potato) and early maturing crops (beans, vegetables) Increasing area under agriculture production Increasing irrigated area, e.g. Gabiro Agribusiness Hub phase 1: 5600 ha. Phase 2: 6,000 ha. Irrigation projects in Kirehe District Total area under irrigation currently 67,000 ha irrigated. Targeting to reach 102,400 ha irrigated by next year 2024 Other flagship projects, e.g. CDAT project (300 million USD /300 billion Frw) Irrigation & Land husbandry Access to finance Agriculture insurance
Fertilizer Prices Season 2023B Fertilizer Prices Season 2023B
