Windhoek- The Namibia Agronomic Board Thursday said the country’s livestock production sector was in urgent need of financing after experiencing severe loses in five consecutive droughts from 2013 to 2019.
The Agronomic Board said the meat industry need a cash injection of N$3 billion to assist farmers restock herds and flocks.
“Long term statistics clearly underscore the fact that the Namibianlivestock industry is at a crossroad and urgently requires a swift remedial intervention at the national level to aid the N$3 billion industry,” a statement by the board reads.
“The real impact was witnessed during the first quarter of 2020 where total cattle marketed declined by 48 percent compared to the corresponding time in 2019. Sheep marketing was even worst with a 59 percent decline in the same period.”
According to the board, market uncertainty due to climaticunpredictability, trade restrictions, the impact of COVID-19 and the need to improve service delivery along the value chain were core challenges to the sector that needed addressing.
“This starts with an improved budget allocation to the agriculture sector at the national level. Government is a signatory to the Malabo Convention which requires that around 10 percent of the national budget is allocated to this sector.”