Big Winner: Agriculture Secures Major Boost in New 2024-2025 Budget

Local farmers have been identified to benefit most in the new released 2024-2025 budget in Kenya. The Ministry of Treasury has provided Sh54. 6 billion for the agricultural sector, according to the Treasury Cabinet Secretary Njuguna Ndung’u on Thursday.

“These aims to transform farmers from food deficit to surplus producers through input finance, subsidies, and intensive agricultural extension support; raise the productivity of key food value chains; reduce dependence on basic food imports; revamp under-performing export crops and expand to new high value emerging crops; and boost tea value chain through blending and branding,” he announced.

This funding endeavors to change the face of agriculture in Kenya with the planned interventions aiming at increasing farmers bargaining power, food security and overall growth of the sector. The following are some of the highlights of the budget; a record Sh10 billion is set aside for the Fertilizer Subsidy Program.

Furthermore, Sh6.1 billion is set aside for the National Agricultural Value Chain Development Project, which seeks to improve the process of value addition and market access for agricultural produces hence improving the returns that farmer’s get. Sh2. 5 billion is provided for the threat posed by the invasion of destructive desert locusts.

Another area of focus includes youth and women in agriculture, livestock, blue economy, and climate smart agriculture. Particularly, Sh340 million has been set for the Ending Drought Emergencies project that focuses on the smallholder farming and pastoral households to reduce vulnerability to climate risks.



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