Valmikki Arjoon

Dr Valmikki Arjoon

IT IS one of the most incentivised sectors, yet T&T’s agriculture industry isn’t attracting new farmers. Furthermore, food production has not increased. Last week, in delivering his 2020 budget, Finance Minister Colm Imbert said the Government would remove all taxes and duties on inputs for the industry.

Economist Dr Valmikki Arjoon points out that there were already significant tax benefits and exemptions available for farmers and the proposed action “will not likely have a meaningful impact and will, yet again, primarily benefit large farmers relative to small farmers, as many small famers don’t have land tenure and cannot access these incentives.”

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