As sugar cane farmers brace to face significant financial crisis, there is one option that organizations and even BSI may take. That is to approach lending institutions and lobby for a more accommodating repayment plan to help ease the blow from the price cut in the coming crop. Chairman of the Orange Walk Branch of the Belize Sugar Cane Farmers Association, Alfredo Ortega says this was discussed in a meeting on Tuesday.
Alfredo Ortega - Chariman of Orange Walk Branch BSCFA
“We as an organization we are looking forward, yesterday we had the meeting with representative from BSI and we told them that we need to join hands together to have a chat with the financial institutions to see how best we can find a way on having the institution at least contemplating at least on how they can balance with those farmers because as you know currently as is what this price is doing is pushing the farmers five steps further to poverty, we have been in poverty and with this situation is chasing the farmers and not only the farmers but also those people that re depending on the crop not only on the crop but those that are doing the necessary husbandry at the cane field level so this situation will really put a negative impact to the cane farming community and it will chase us to a poverty situation if nothing is being done that is very important for us that we negotiate with the institution to see how best they can alleviate this situation in regards to what amount will they going to be charging the farmers for the upcoming crop.”
Ortega adds that there are other options that can be looked into and we will take a look at those in our subsequent newscast.
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