Guyana Rice Industry
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- Date Submitted: 10/19/2010 12:48 PM
- Pages: 19
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TABLE OF CONTENT
Executive summary I
1. INTRODUCTION 1
1.1 Overview 1
1.2 Definition of the Problem 2
1.3 Scope of the Project 2
2. THE GUYANA RICE INDUSTRY, 1992 – 200l 3
2.1 Performance of the Industry 3
2.2 Guyana’s Export Market For Rice 5
2.3 Government Role In The Rice Industry 6
3. ANALYSIS OF THE PREFORMANCE OF THE RICE INDUSTRY 8
4. FINANCIAL CRISIS IN THE RICE INDUSTRY 10
4.1 Implications For The Guyana Economy 11
5. GOVERNMENT’S RESPONSE TO THE CRICIS 12
6. CONCLUSION AND RECOMMENDATIONS 13
APPRENDICES
REFERENCES
INTRODUCTION
1.1 Overview
After thirty-five years of independence, Guyana’s economic base still resembles the structure inherited from its colonial past. Guyana’s agricultural based economy is largely dependent on the exportation of rice, sugar, timber, bauxite and gold for its foreign exchange generation. The manufacturing sector is still in the early stages of development.
The Rice Industry is the most important agricultural activity for the private sector, being only second to sugar in importance in terms of foreign exchange earnings. It is also the largest user of agricultural land and employs approximately fourteen percent of nation’s population directly as farmers and millers or indirectly as administrators. Rice contributes in excess of US$80M annually to the economy, 12.5% of export earnings and contributes 20% of the agricultural GDP(.
Rice production is a private sector institution. The vast majority of the producers are small-scale farmers with the average size of rice farms being 10 – 20 acres. It is estimated that there are approximately 15,000 farm families that depend on rice for their livelihood. In addition to the farms, there are approximately one hundred and five (105) privately owned rice mills. A few of these millers are also directly involved in rice cultivation.
During the years 1992 – 1996 rice production and exports increased...
Executive summary I
1. INTRODUCTION 1
1.1 Overview 1
1.2 Definition of the Problem 2
1.3 Scope of the Project 2
2. THE GUYANA RICE INDUSTRY, 1992 – 200l 3
2.1 Performance of the Industry 3
2.2 Guyana’s Export Market For Rice 5
2.3 Government Role In The Rice Industry 6
3. ANALYSIS OF THE PREFORMANCE OF THE RICE INDUSTRY 8
4. FINANCIAL CRISIS IN THE RICE INDUSTRY 10
4.1 Implications For The Guyana Economy 11
5. GOVERNMENT’S RESPONSE TO THE CRICIS 12
6. CONCLUSION AND RECOMMENDATIONS 13
APPRENDICES
REFERENCES
INTRODUCTION
1.1 Overview
After thirty-five years of independence, Guyana’s economic base still resembles the structure inherited from its colonial past. Guyana’s agricultural based economy is largely dependent on the exportation of rice, sugar, timber, bauxite and gold for its foreign exchange generation. The manufacturing sector is still in the early stages of development.
The Rice Industry is the most important agricultural activity for the private sector, being only second to sugar in importance in terms of foreign exchange earnings. It is also the largest user of agricultural land and employs approximately fourteen percent of nation’s population directly as farmers and millers or indirectly as administrators. Rice contributes in excess of US$80M annually to the economy, 12.5% of export earnings and contributes 20% of the agricultural GDP(.
Rice production is a private sector institution. The vast majority of the producers are small-scale farmers with the average size of rice farms being 10 – 20 acres. It is estimated that there are approximately 15,000 farm families that depend on rice for their livelihood. In addition to the farms, there are approximately one hundred and five (105) privately owned rice mills. A few of these millers are also directly involved in rice cultivation.
During the years 1992 – 1996 rice production and exports increased...