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Jordan prioritizes food security in JD93M MoA budget
Jordan News
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AMMAN – On Sunday, the Financial and Economic Committee at
the Jordanian Senate, chaired by Rajai Muasher, discussed the Ministry of
Agriculture’s (MoA) budget for the fiscal year 2024.اضافة اعلان
The meeting aimed to deliberate on the ministry’s budget allocated for capital projects and current expenditures. The discussions also focused on assessing its alignment with the Economic Modernization Vision (EMV), Al-Mamlaka TV reported.
During the meeting, modern agricultural practices were explored, along with discussions on agricultural lending procedures and the allocation of funds within the budget for agricultural research and studies.
Agriculture Minister Khalid Hneifat emphasized that the agricultural sector is vital to Jordan’s economy as its primary goal is to achieve food security. He highlighted the sector’s role in rural development and the empowerment and employment of the workforce.
The ministry’s budget of JD93 million includes JD37 million for capital projects and JD56 million for current expenditures. These allocations were determined based on the national plan for the agricultural sector.
Furthermore, efforts have been made to enhance the technical workforce by training agricultural advisors and improving their capabilities. The agricultural lending policy aims to boost agricultural capacity in both plant and animal fields.
The MoA is actively working to enhance the agricultural sector’s resilience and promote innovation. Here are some key initiatives and strategies:1) Water management and recycling:
● The ministry will focus on efficient water utilization by treating and recycling water to reduce costs for the agricultural sector.
● Factories are being established in remote areas to maximize the utilization of high-yield crops, contributing to food security and local community development.
2) Jordanian-Palestinian company:
● The establishment of the Jordanian-Palestinian company aims to address agricultural marketing challenges.
● By collaborating with neighboring countries, the company will target specific markets to promote Jordanian agricultural products.
3) Modern agricultural practices:
● In response to climate change, the ministry has successfully planted carob trees in specific regions.
● Scientific modernization techniques, including “afforestation,” have been employed to enhance sustainability.
● An integrated forest was established in the Al-Qatrana area.
● Funding was secured for the cultivation of 200 dunams of cacti and the establishment of a cactus product manufacturing facility.
Water source utilization:
● The ministry utilized treated water sources by cultivating fodder crops needed in the local market.
● Self-sufficiency and investment encouragement are key goals.
National agricultural security:
● The ministry contributed to national food security by monitoring seed production and protecting the agricultural sector.
● Jordanian farmers have managed water resources efficiently and produced high-quality crops.
Cooperative institutions:
● Cooperative institutions operated within the national strategy, securing financing for cooperative associations in collaboration with financial institutions.
Furthermore, the Director General of the Agricultural Credit Corporation (ACC), Muhammad Al-Dojan, stated that the funding provided by the ACC aims to introduce technology and enhance agricultural quality. The implementation of an insurance system serves as protection for the agricultural sector.
He also highlighted that the collection plan for loan repayments has been raised to 95 percent, which is a positive indicator of encouraging further expansion of the financing plan. The institution’s priority remains supporting and diversifying the agricultural sector in collaboration with investment funds and financial institutions.
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The meeting aimed to deliberate on the ministry’s budget allocated for capital projects and current expenditures. The discussions also focused on assessing its alignment with the Economic Modernization Vision (EMV), Al-Mamlaka TV reported.
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During the meeting, modern agricultural practices were explored, along with discussions on agricultural lending procedures and the allocation of funds within the budget for agricultural research and studies.
Agriculture Minister Khalid Hneifat emphasized that the agricultural sector is vital to Jordan’s economy as its primary goal is to achieve food security. He highlighted the sector’s role in rural development and the empowerment and employment of the workforce.
The ministry’s budget of JD93 million includes JD37 million for capital projects and JD56 million for current expenditures. These allocations were determined based on the national plan for the agricultural sector.
Furthermore, efforts have been made to enhance the technical workforce by training agricultural advisors and improving their capabilities. The agricultural lending policy aims to boost agricultural capacity in both plant and animal fields.
The MoA is actively working to enhance the agricultural sector’s resilience and promote innovation. Here are some key initiatives and strategies:1) Water management and recycling:
● The ministry will focus on efficient water utilization by treating and recycling water to reduce costs for the agricultural sector.
● Factories are being established in remote areas to maximize the utilization of high-yield crops, contributing to food security and local community development.
2) Jordanian-Palestinian company:
● The establishment of the Jordanian-Palestinian company aims to address agricultural marketing challenges.
● By collaborating with neighboring countries, the company will target specific markets to promote Jordanian agricultural products.
3) Modern agricultural practices:
● In response to climate change, the ministry has successfully planted carob trees in specific regions.
● Scientific modernization techniques, including “afforestation,” have been employed to enhance sustainability.
● An integrated forest was established in the Al-Qatrana area.
● Funding was secured for the cultivation of 200 dunams of cacti and the establishment of a cactus product manufacturing facility.
Water source utilization:
● The ministry utilized treated water sources by cultivating fodder crops needed in the local market.
● Self-sufficiency and investment encouragement are key goals.
National agricultural security:
● The ministry contributed to national food security by monitoring seed production and protecting the agricultural sector.
● Jordanian farmers have managed water resources efficiently and produced high-quality crops.
Cooperative institutions:
● Cooperative institutions operated within the national strategy, securing financing for cooperative associations in collaboration with financial institutions.
Furthermore, the Director General of the Agricultural Credit Corporation (ACC), Muhammad Al-Dojan, stated that the funding provided by the ACC aims to introduce technology and enhance agricultural quality. The implementation of an insurance system serves as protection for the agricultural sector.
He also highlighted that the collection plan for loan repayments has been raised to 95 percent, which is a positive indicator of encouraging further expansion of the financing plan. The institution’s priority remains supporting and diversifying the agricultural sector in collaboration with investment funds and financial institutions.
Read more National news
Jordan News
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