Trinidad leases first parcels of 'megafarms' to lower food prices
Officials in Trinidad say they have leased the first parcels of state-owned land to people who will transform them into megafarms to help offset rising food prices.
By Agencies |
PORT-OF-SPAIN: Officials in Trinidad say they have leased the first parcels of state-owned land to people who will transform them into megafarms to help offset rising food prices.
The announcement comes about a month after the government said it would convert up to 20,000 acres (8,090 hectares) of its land into farms and lease them to qualified buyers.
Agriculture Minister Arnold Piggott says four farms totaling 556 acres (225 hectares) will be used to grow vegetables and rear livestock. He declined to say who leased them during a news conference Thursday.
Food prices have risen as much as 40 percent in the region, prompting countries such as Trinidad and Guyana to create the so-called megafarms.
The announcement comes about a month after the government said it would convert up to 20,000 acres (8,090 hectares) of its land into farms and lease them to qualified buyers.
Agriculture Minister Arnold Piggott says four farms totaling 556 acres (225 hectares) will be used to grow vegetables and rear livestock. He declined to say who leased them during a news conference Thursday.
Food prices have risen as much as 40 percent in the region, prompting countries such as Trinidad and Guyana to create the so-called megafarms.
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