Zambia: Farmers call for new agricultural bank

Nov 12, 2013

Financial resources given to Zambian farmers through the Farm Input Support Programme (FISP) could be used more "effectively" if they were applied as agricultural loans, farmer Conrad Hamilemba told the Times of Zambia.

Financial resources given to Zambian farmers through the Farm Input Support Programme (FISP) could be used more "effectively" if they were applied as agricultural loans, farmer Conrad Hamilemba told the Times of Zambia.

Members of the agricultural sector in the Kabwe District of Zambia have urged the government to transform the FISP into a Farmers' credit bank.

Mr Hamilemba said the current FISP system was subject to many abuses, as he believes many people who were not supposed to access it benefited from FISP.

He added that the current barter system arrangement - which allow farmers to exchange their maize harvests for 50kg bags of fertiliser - was less economical than a system where such bags were exchanged for maize under agricultural loans.

Agriculture is a major development sector in Zambia, with approximately 4.6 million poor people dependent on
it, according to figures from the Food Agriculture and Natural Resources Policy Analysis Network.
About 97.4 per cent of rural households are engaged in agriculture, which equates to 45 per cent of the total population.ADNFCR-2976-ID-801659465-ADNFCR