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When we speak of imports it is

important to understand that crops are

imported primarily as fresh, however

the fresh crop is a primary product. As

the primary product or the raw

material, that crop it must be

understood maybe converted from a

raw material to a value-added product.

This project seeks to understand and

identify those crops that offer the best

potential to penetrate the Bahamian

market. What we would like to show is

the full potential for these crops. Firstly

there is the fresh product and secondly

the value-added products that may

come from the fresh product. Some

examples of value-added products from

fresh fruit & vegetables are: frozen,

preserved/ dried, canned (whole or

pieces), juice, paste, puree, marmalade,

jams, and jellies.

In 2006 the total import value of these 30

crops (as a fresh product) was estimated

to be worth B$31,201,006 dollars. By

2007 the import value for these had

increased by B$700,126 dollars an

increase of 2.2% to B$31,901,132 dollars.

The value-added products for the same

crops in 2006 was worth B$12,665,199

dollars, by 2007 this value increased by

B$1,862,949 dollars or 14.71% to

B$14,528,148 dollars.

Therefore in 2006 these 30 crops, fresh

and value-added products had an

estimated import value of B$43,866,205

dollars. The total value in 2007 for these

same fresh and value-added products

had an estimated value of B$46,429,280

dollars an increase of B$2,563,075

dollars or 5.8%^.

This therefore means if the Bahamas

were to grow, all, the fresh product for

these 30 crops we would stand to earn

as much as B$31.5 - B$31.9 million

dollars per annum. Another B$12.7 -

B$14.5 million dollars could be realized

from their value-added products.

Therefore between B$43.86 - B$46.43

million dollars could be injected into the

Bahamian economy. This earning would

translate into a savings on our import

bill thus lowering our Food Bill and

increasing our foreign exchange

reserves.

The savings/earning from these crops

may lead to investments into the other

78 crops, thus saving or retaining even

more of our money. With more money

in the economy we would be able to

build agricultural industries, to increase

employment, increase wealth and

decrease dependence on imports. With

each passing year all countries not just

the Bahamas will experience a growing

population, Agricultural Land

shrinkage and water shortages. By the

year 2050 it is estimated that the world

population will increase by three (3)

billion people.The Bahamas must begin to produce,

now, if we are to have a chance of

feeding ourselves or if we simply want

to make money. Conditions for

Agriculture are ideal in the Bahamas,

we have sunshine 365 days a year, we

have a relatively small population, we

enjoy close to five million visitors per

year, we have knowledgeable farmers,

and we have knowledgeable buyers

who are experts in supplying the

demand for this market. Our buyers

understand agriculture and know

quality. The Bahamas is blessed with

more land than Jamaica, and although

our land is not as fertile, it's better than

Israel. Israel must produce from deserts

and pump water from miles below the

ground. No such problem in the

Bahamas although we lack rivers, we

have a relatively high water table.

While in the Bahamas we do not have

much arable land, we do have some, it is

also possible to improve our soils and if

that fails we may also look to green

houses and hydro phonics. Today's

agricultural technology is opening new

doors for agricultural production.

The time is ripe for growers and buyers

to work as partners, growers produce,

buyers distribute, the money they earn

and save can only benefit the Bahamas.

We must cease our dependence on

imported food, as the cost of that food

will only continue to go up. Of the 30

crops identified sixteen (16) more than

half, have a potential to be million dollar

industries.

Onion, the #1 ranked crop, saw the

value of imports increase over half a

million dollars from 2006 (B$2,303,714)

to 2007 (B$2,852,197). During that

period both quantity and value

increased, in 2007 we imported

5,262,948 (lbs.) pounds while in 2006 we

imported 4,585,969 lbs. The price from

2006 to 2007 also increased by two (2)

cents per pound.

Irish potatoes, the #2 ranked crop, has a

potential to earn $3.4 million dollars

annually as a fresh product and up to

B$7.0 million dollars as a frozen or

prepared product, making it the crop

with the greatest potential, over ten

million dollars per annum.

In 2007, the Bahamas imported almost

$4.0 million dollars worth of Lettuce,

while in 2006 we imported $3.5 million

all in its fresh form. Types of lettuce

imported include: iceberg, romaine and

head.

Tomato, a favourite, was one of a few

crops where the import value decreased;

this is attributed to the success of

tomato production in green houses. In

2006 the value of tomato imports was

B$2,962,731 by 2007 it decreased by

$598,774 or 20.2% to B$2,365,957. The

value of imported by products of

tomato increased B$82,059 or 6.1% from

B$1,341,295 in 2006 to B$1,423,354 in

2007^.

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12y ago

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