Financial Support

The Ministry of Industry, Trade and Supply provides financial support to farmers by procuring their harvested crop grains and seeds with favorable prices for the farmers. Examples of financial support include provisioning of development programs to develop the agricultural sector and farmers’ exemptions to fees and taxes, as stipulated in the law. Noted examples include but not limited to (1) the "grain seeds sieving and sterilization project" launched in 1982 in cooperation with the Ministry of Agriculture, (2) the Jordanian Cooperative Corporation which is focused on: (i) making contracts with farmers to plant foundation seeds and produce improved seeds, (ii) sieving, sterilizing and transforming the seeds in order to secure it for farmers through its stations, and (iii) maintaining a strategic stock of sieving and sterilized grains to cover the shortage in drought years; and (3); the Agricultural Risk Management Fund Law of 2009, which primarily aims to provide compensation to farmers in the event of risks and to build their capacities to cope with the risks. In general, the Ministry of Agriculture has several development programs and policies in place to support the development of the agricultural sector and the farming communities, with the aim to achieve a developed, diversified, and an integrated agricultural production.