CIF 2023 - Investment Catalogue

AGRIBUSINESS & AGRICULTURAL TECHNOLOGY

ST. KITTS & NEVIS

ST. KITTS & NEVIS

NAME OF PROJECT: Alternative Flour

The government of St. Kitts and Nevis committed to the “Twenty-five by 2025 Initiative” aimed at reducing extra- regional agri-food imports by 25%by 2025. The implementation of the CARICOM Agri-Food Systems Strategy in the Member States is expected to help achieve the 25 by 25 target by giving special attention to priority crops and products such as poultry, meat (goat, sheep, beef), and niche vegetables which are highly imported products in the region. Flour is one of the highly imported commodities with over $8,000,000 per year which demonstrates huge potential.

MODE OF INVESTMENT: • Partnership , Joint Venture etc. INVESTMENT AMOUNT (USD) • $1,000,000

Contact Person: Mr. Stanley Jacobs E: promo@investstkitts.kn

Alternative Types of Flour Banana, Pumpkin, Plantain, Cassava, Breadfruit

NAME OF PROJECT: Greenhouse Villages (25 greenhouses)

The Government of St. Kitts and Nevis embarked on the promotion of protected agriculture systems due to the increasing threat of climate change to agriculture and the bid to achieve and sustain food security within the Federation. The promotion of protected agriculture system was also based on the following: availability of land, intensive crop production, protection from extreme weather, protection against pests, weeds and diseases, more efficient use of productive resources, improvement in crop quantity and quality, increase yields, and increased farmers’ incomes and the reduction of the food import bill. Agriculture is one of the pillars of economic development. Approximately, 1470.48 acres is available for agricultural purposes, but less than 1,470.48 acres is used for crop production. In 2020, agriculture contributed 1.3 percent to total gross domestic product. As the Federation is located within the Atlantic hurricane pathway it is prone to heavy rainfalls and strong winds. This results in severe damage and

destruction of the agricultural sector, mainly the field grown crops. In recent times, global climatic changes have been negatively affecting the Federations’ climate. Localized heavy rainfall, changes in the rainfall pattern, prolonged drought, and increasing temperatures have been impacting yields of field grown crops. This is coupled with the increasing costs of inputs.

MODE OF INVESTMENT: • Joint Venture , Partnership INVESTMENT AMOUNT (USD) • $1,500,000

Contact Person: Mr. Stanley Jacobs E: promo@investstkitts.kn

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