By Shemuel Fanfair
Ever since the cancellation of the Petro-Caribe rice-for-oil deal in 2015, rice farmers have faced steep challenges continuing in the industry.
Before the deal had ended, farmers received premium rates for their paddy, with some earning as much as $9000 per bag. As previously noted, farmers are now coping with decreased rates ranging from $1800 to $2500 per bag of paddy. Apart from the depleted earnings farmers are getting, the time frame in which they could start receiving payment for their crop is being stretched out by millers. This ongoing situation has caused spinoff consequences for many persons whose livelihoods are dependent on the rice industry.










