Livestock & Crop Sector To Grow In 2012
NAMIBIA - Livestock and crop farming are expected to drive growth of 1.2 per cent in the agriculture and forestry industry next year, the Bank of Namibia (BoN) has said.
22 December 2011
1 minute read
TheNamibian reports that, releasing its 2012 economic outlook, the BoN said growth of 0.6 per cent is forecast for the sector for 2011.
“Live cattle exports slowed down in 2011 due to foot and mouth disease suspicions in the Omaheke and Otjozondjupa regions. This setback was, however, offset by an increase in prices, which enticed farmers into selling, thus increasing production."
“Going forward, it is expected that farmers will restock due to overselling in 2011 and the expected good rainfall in 2012,” the BoN said.
The BoN said Namibia experienced a poor harvest of mahangu as a result of flooding in the northern and north-eastern regions this year. On the other hand, production from maize irrigation schemes was not affected by flooding, hence an estimated improvement in total crop production in 2011.
“Crop production is expected to increase in 2012 due to the expansion of land under irrigation and silo construction in rural areas for mahangu storage,” the BoN said.
The horticulture industry is expected to improve going forward due to a 35 per cent local promotion regulation set by the government which was increased to 37.5 per cent for 2012 production, the bank said.
TheCattleSite News Desk
