Belize - Belize News - Channel5Belize.com - Great Belize Productions - Belize Breaking News
Home » Economy, People & Places » Still no payment for cane farmers
Dec 1, 2010

Still no payment for cane farmers

alfredo ortega

In the House of Representatives last week both sides gave their support for a bailout loan to the Belize Sugar Industries. The government and the opposition both recognized that the Sugar Industry is vital for the survival of farmers in the north. Because of the “turkey weekend” in the United States, the prime minister indicated the loan would take a few.  When we checked today the money has not been drawn down because BSI has not been able to get waivers from the ING Bank.  The Chairman of Committee of Management for the Belize Sugar Cane Farmer’s Association spoke to News Five via phone today about the delay and he says tension and desperation are growing among the farmers.

Via Phone: Alfredo Ortega, Chair, Committee of Management, BSCFA

“I had a telephone conversation with Mr. Belezario Carballo, the financial director of BSUI yesterday. He informed me that as of that time, about six p.m. they hadn’t received the waiver from ING. According to him, their lawyers are gathering together to check all the information given to them so that they can advise the board on the decision to take. But he said that they are quite positive that they will be receiving good response from ING.”

Delahnie Bain

“You mentioned you also spoke to the prime minister?”

Via Phone: Alfredo Ortega

“I also spoke to the prime minister yesterday evening and the position he placed to me was the same as BSI; that he has no information on the waiver. But he said that as soon as the waiver comes in he will be ordering the ten million to be placed in BSI—well at least the portion for the farmers for their third payment.”

Delahnie Bain

“Do you know how soon after the waiver from ING this money will be disbursed to you all?”

Via Phone: Alfredo Ortega

“To be honest with you, we don’t have a set date on that. It will be sent to us by BSI because they have to do their due diligence in regards to the different amounts to the farmers based on their deliveries in the last crop.”

Delahnie Bain

“What does this extended delay mean for the start of the next crop season which was supposed to be December sixth?”

Via Phone: Alfredo Ortega

“Well, according to the management of BSI, the earliest they see or the latest they see they can start is the thirteenth of December. I had in mind that the delay with funds will delay also that but according to them, they plan to start.”

The ten million dollar loan has an interest rate of seven point five percent per annum on the declining balance. It will be disbursed in two payments of three point two million and six point eight million dollars by the end of the year. The collateral is sixty-nine point twelve acres of land at mile five on the Western Highway.

Be Sociable, Share!


Viewers please note: This Internet newscast is a verbatim transcript of our evening television newscast. Where speakers use Kriol, we attempt to faithfully reproduce the quotes using a standard spelling system.

Advertise Here

5 Responses for “Still no payment for cane farmers”

  1. Earl Grey says:

    SO………………..WHERE’S THE MONEY??????? farmers have to eat and pay bills……

  2. belizeanpride says:

    what the ^%%$# are they waiting for? these cane farmers need their payment and i suggest that they don’t deliver cane until thier payment has been given for thier third payment of the last crop. all the staff from bsi,bcsfa are getting paid every month and no wonder they don’t care how long it takes to pay the cane farmers. hope the cane famres don’t gett fed up and later bring their guns and machete for an uprising againt this company.

  3. roska says:

    If Moss Hyde can justify criminals of the city THAT HAVE NOT WORKED TO EARN THEIR MONEY……to become involved in criminal activities like muggings, robberies and killings.. because ..”..POOR MAN HAVE FU EAT”…. then I guess we can justify the farmers ..WHO HAVE WORKED FOR THEIR MONEY AND HAVE NOT GOTTEN IT YET……To become involved in criminals acts now to feed their families…….

    It didnt take long for Barrow to sit down with the drug trafficking gang leaders of belize city to dialogue with them…… but the same Barrow REFUSED to sit with to dialogue with the cane farmers during the Tower Hill Uprising to dialogue with them….. TO POSSIBLY AVERT THE CRISIS THE FARMERS ARE GOING THROUGH NOW…..

    Does this give us a clue of how much importance Barrow gives to the hard working cane farmers of the north compared to that he gives to the cold blooded criminals of the city????

    THIS CRISIS COULD HAVE BEEN AVOIDED MONTHS AGO… if the farmers, BSI officials, BSCFA and GOB officials had sat down to dialogue months ago about the financial hardships encountered by BSI……!!!!!

    IS BARROW A RACIST??? OR SIMPLY INCOMPETENT???

  4. Earl Grey says:

    AND ………………
    WHO WILL WE HOLD ACCOUNTABLE FOR THE KILLING OF THE CANE FARMER during the Tower Hill (Core Sampler) protests?????????????????????????????????

  5. John says:

    MONTALVO. CARBALLO RESIGN. NOW. YOU CANT RUN OUR BUSINESS.

Leave a Reply

CAPTCHA Image
*