Cocoa financial model handed over to Ministry of Agriculture

The Ministry of Blue and Green Economy, Agriculture and National Food Security now has an additional tool to assist in data management and strategic planning for the cocoa sector.

A cocoa financial model was recently presented to the Ministry at a training workshop organized by the Cocoa Cluster Development Project of Dominica.

Cocoa Cluster Manager, Taletha Laudat explained the intention and importance of the collaboration.

The document was received by the Permanent Secretary in the Ministry of Agriculture Dr. Kyra Paul from the Chief Executive Officer of the Climate Resilience Execution Agency of Dominica (CREAD,) Francine Baron.

Baron said CREAD hoped to provide farmers with a clearer understanding of all the cost inputs and the know how to establish cocoa as a viable and financially rewarding crop.

She said the development of the inancial model is in line with CREAD’s mandate to help Dominica become the world’s first climate resilient nation, with a focus that includes the development of solutions for creating sustainable and resilient agriculture.