CIF 2023 - Investment Catalogue

AGRIBUSINESS & AGRICULTURAL TECHNOLOGY

JAMAICA

JAMAICA

Relief (PIR) and the higher-level approval that includes Income Tax relief. Approval for the PIR benefit requires that the Commissioner of Customs be satisfied that the items imported are to be used in primary production/approved farming activity. It should be noted that PIR can last from six (6) months to three (3) years. • A farmer can also benefit from a twenty percent (20%) concession on farm vehicles. A 20-acre breadfruit orchard can access a motor vehicle waiver for a maximum of two vehicles every five years. MODE OF INVESTMENT: • The investment will be financed by 60% equity and 40% loan financing at an interest rate of 10%. INVESTMENT AMOUNT (USD) • $ 17,500

NAME OF PROJECT: Breadfruit Orchard

Theproject intends on establishinga 20acre BreadfruitOrchard. The average annual net profit over a 10year period is projected to be approximately US$5,000 (JM$737,500). The accumulated 10-year net profit is projected to be approximately US$48,808 (JM$7,546,221). Internal rate of return is 81% and the net present value is (US$276,636) JM$42.77M (at normal investment assumptions). Project Opportunity • Sell produce (washed and packaged) to processors and exporters for international markets. • Value added opportunities. • High yielding – a tree can yield up to 200 fruits per season under favourable circumstances. • Land rate is approximately US$70 per acre per annum. • Intercropping of cash crops can be practiced gaining additional income. • The first crop is expected within the first three (3) years of maturity. • A 20-acre breadfruit orchard can benefit from agricultural incentives which comprises of two levels, the general approval for benefits of the Productive Inputs

Contact Person: Mr. Norman Naar E: nnaar@dobusinessjamaica.com

NAME OF PROJECT: Lane We Love Organic Greenhouse

MODE OF INVESTMENT: • Equity Investment or Joint Venture INVESTMENT AMOUNT (USD) • $95,000,000

This new investment seeks to create a certified-organic high tech greenhouse operation in Jamaica, whichwill be the largest by far, in the region. The project which will be undertaken on a 200-acre property over a 7-year period will specialize in Heritage and Heirloom produce, TOV Tomatoes, Bell peppers, Bush beans, garlic, strawberries, cucumbers, sweet corn, watermelon, and other assortments of fresh produce.

Contact Person: Mr. Norman Naar E: nnaar@dobusinessjamaica.com

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