With its upcoming 45tth Anniversary, the St Vincent and Grenadines Teachers' Co-operative Credit Credit Union Ltd has taken the initiative to support farmers - this must have been seen aa a positive move by the St Vincent and the Grenadines farmers , knowing full well that Rayneau Industries provides them with a guaranteed market for their products. Mr. Gajadhar puts it this way, “Agriculture in St Vincent gets plenty support. Farmers [are] now confident to take loans to farm as Rayneau buys most Agricultural products. Rayneau provides a guaranteed market to Farmers.”
This must have very well been the rationale behind this move by the Credit Union – a guaranteed market to sell produce. Farmers are offered up to $25,000.00 at an interest rate of 1.5% per month under the theme, “Plant for your Future.”
The
formation of RAYNEAU INDUSTRIES, a newly formed food export
business in St. Vincent and the Grenadines, has taken on the task to provide a
marketing platform, initially for the farmers of St Vincent and the Grenadines.
As of Wednesday, 22nd, March 2023, Rayneau Industries has been exporting
farmer’s produce via container from St. Vincent and the Grenadines to the
United States Virgin Islands.
CEO
of Rayneau Industries Mr. Rayneau Gajadhar noted that this first success has
opened limitless opportunities to the farmers in St. Vincent and the Grenadines
and the rest of the OECS. He stated that “We have started in SVG to
work with the farmers to create an export platform that can create excellent
someday payment to farmers. Together we will make this work”.
Many
have preached the need for a consolidated marketing platform created through a
public/private partnership, but it took the vison and wisdom of our very own
to start a consolidated marketing of the OECS agricultural produce. It is a wake-up
call to all stakeholders in the agriculture sector to expand production
exponentially.
RAYNEAU INDUSTRES – CREATING A PLATFORM FOR FARMERS
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