Morocco Invests $36 Million to Assist Farmers

Morocco Invests $36 Million to Assist Farmers

On 2 June 2020, The Moroccan Minister of Agriculture, Aziz Akhannouch, said that his department had allocated $35.89 million to assist farmers affected by the lack of rainfall during the agricultural season.

During a session of the House of Representatives on 1 June 2020, the minister said the Ministry of Agriculture had launched the initiative to assist Moroccan farmers on an “exceptional basis” after having assessed the effects of drought with The Mutual Moroccan Agricultural Insurance Company (MAMDA)

“The payment of these funds started in mid-April instead of July in order to mitigate the impact of the rainfall deficit on farmers,” Akhannouch said.

The minister emphasized that Morocco’s Credit Agricole bank accompanied small farmers, with financing estimated at $153.8 million. The program to support Moroccan farmers includes a barley acquisition program, a spring crops program, and a fruit tree-planting program.

Despite the delayed rainfall, Moroccan farmers still suffered the effects of drought, particularly in the southern regions.

By MPC Journal Team

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