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INTRODUCTION PRESENTED by Peter Webster Retired Portfolio Manager - PowerPoint PPT Presentation

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INTRODUCTION PRESENTED by Peter Webster Retired Portfolio Manager of the Caribbean Development Bank Former Senior Agricultural Officer, Ministry of Agriculture 28/03/2017 BSTA CONFERENCE 1 INTRODUCTION PRESENTATION GOALS To review the

  1. INTRODUCTION PRESENTED by Peter Webster Retired Portfolio Manager of the Caribbean Development Bank Former Senior Agricultural Officer, Ministry of Agriculture 28/03/2017 BSTA CONFERENCE 1

  2. INTRODUCTION PRESENTATION GOALS To review the history of crop diversification in Barbados; and To discuss a possible crop for the future. 28/03/2017 BSTA CONFERENCE 2

  3. CROP DIVERSIFICATION the addition and/or expansion of new crops or cropping systems to agricultural production. 28/03/2017 BSTA CONFERENCE 3

  4. BARBADOS AGRICULTURE 1966 Category Area (acres) Arable land 65,000 Sugar Cane 45,000 Other Crops 20,000 Total crops 65,000 28/03/2017 BSTA CONFERENCE 4

  5. HISTORICAL SUGAR PRICES (US Cents per Lb.) 28/03/2017 BSTA CONFERENCE 5

  6. SUGAR PRODUCTION IN BARBADOS 28/03/2017 BSTA CONFERENCE 6

  7. ECONOMIES OF SCALE Economies of scale is the cost advantage that arises with increased output of a product. Economies of scale arise because of the inverse relationship between the quantity produced and per-unit fixed costs; i.e. the greater the quantity of a good produced, the lower the per-unit fixed cost because these costs are spread out over a larger number of goods. 28/03/2017 BSTA CONFERENCE 7

  8. POPULATION GROWTH 28/03/2017 BSTA CONFERENCE 8

  9. SUGAR CONSUMPTION 28/03/2017 9 BSTA CONFERENCE

  10. WORLD SUGAR CONSUMPTION 28/03/2017 BSTA CONFERENCE 10

  11. BARBADOS FOOD CROP PRODUCTION 2010 2011 2012 2013 2014 Crop (000 Kgs) (000 Kgs) (000 Kgs) (000 Kgs) (000 Kgs) Bean 200.32 226.92 219.18 112.30 109.21 Beet 28.32 48.26 28.90 34.48 23.66 Cabbage 53.79 261.05 261.21 181.80 322.68 Carrot 225.83 145.66 244.48 295.48 310.24 Cassava 192.92 265.89 219.88 1,035.18 552.90 Cauliflower 0.67 0.71 14.29 Corn 86.54 22.61 80.96 17.55 81.79 Cucumber 1,061.48 1,102.83 816.3 823.89 994.26 Eddoe 26.95 18.89 65.27 175.60 74.61 Egg Plant 54.30 53.15 27.57 17.44 41.9 Lettuce 53.60 84.81 171.02 213.30 312.72 Okra 282.17 294.57 262.10 220.62 263.63 Onion 379.95 319.87 550.12 503.83 315.24 28/03/2017 BSTA CONFERENCE 11

  12. BARBADOS CROP PRODUCTION 2010 2011 2012 2013 2014 Crop (000 Kgs) (000 Kgs) (000 Kgs) (000 Kgs) (000 Kgs) Peas 57.90 19.43 20.30 58.36 25.29 Pepper (hot) 74.76 81.77 64.74 48.16 92.81 Pepper (sweet) 307.59 314.33 175.06 493.64 396.32 Potato (sweet) 774.37 341.65 1,202.46 1,220.11 1,231.89 Pumpkin 155.77 145.35 188.49 533.01 508.19 Squash 671.04 779.61 698.44 495.64 562.08 Tomato 691.69 809.63 1,050.35 989.26 781.03 Watermelon 220.61 132.83 191.14 381.63 318.84 Yam 453.41 196.19 348.05 748.91 567.13 Chive 92.44 22.70 721.67 564.89 159.66 Thyme 235.48 17488 277.37 122.18 59.90 Paw Paw 311.84 0.20 85.21 325.35 76.54 Chin Cabbage 9.78 147.41 63.60 72.27 91.52 Bananas 7.97 1.01 39.36 478.47 225.17 Plantain 11.61 0.11 6.94 518.69 435.45 TOTAL 6,891.11 6,413.05 11,470.15 11,250.51 9,197.63 28/03/2017 BSTA CONFERENCE 12

  13. VEGETABLE IMPORTS 2010 2011 2012 2015 2008 2009 Vegetable Crop (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) Bananas 3,170.25 ? ? ? ? ? Beans (string) 0.71 0.12 0.11 0.05 4.89 0.59 Beet 0.10 20.60 22.90 29.84 31.26 32.95 Table 1. Vegetable Imports (2008 – 2012) Cabbage 783.34 416.50 426.20 508.65 468.77 411.63 2008 2009 2010 2011 2012 2015 Vegetable Crop (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) Carrots 625.73 444.90 898.70 707.04 679.87 629.85 Bananas ? ? ? ? ? 3,170.25 Cucumber Beans (string) 0.12 0.11 0.05 4.89 0.59 13.19 0.71 9.80 45.50 48.84 100.06 30.96 Beet 20.60 22.90 29.84 31.26 32.95 0.10 Lettuce 304.80 Cabbage 416.50 426.20 508.65 468.77 411.63 783.34 305.30 470.50 548.81 576.98 606.01 Carrots 444.90 898.70 707.04 679.87 629.85 625.73 Watermelons 426.48 445.40 473.20 664.77 617.69 543.24 Cucumber 9.80 45.50 48.84 100.06 30.96 13.19 Lettuce 305.30 470.50 548.81 576.98 606.01 304.80 Okra 0 0.01 0 0.13 0 0.07 Watermelons 445.40 473.20 664.77 617.69 543.24 426.48 Okra 0.01 0 0.13 0 0.07 0 Peppers (hot) 0 23.00 2.70 2.99 36.54 16.89 Peppers (hot) 23.00 2.70 2.99 36.54 16.89 0 Peppers (sweet) 77.30 102.70 108.89 170.78 152.96 187.01 Peppers (sweet) 187.01 77.30 102.70 108.89 170.78 152.96 Plantains ? ? ? ? ? 1,374.50 Plantains 1,374.50 Pumpkins 548.60 673.10 446.96 536.14 340.62 173.21 ? ? ? ? ? Tomato 138.60 91.90 240.85 181.31 163.08 245.58 Pumpkins 173.21 548.60 673.10 446.96 536.14 340.62 Total Vegetables 2,430.13 3,207.51 3,307.82 3,404.29 2,928.85 7,304.90 Source: Barbados Statistical service/ Ministry of Agriculture, Food, Fisheries and Water Resource Management Tomato 245.58 138.60 91.90 240.85 181.31 163.08 Total Vegetables 7,304.90 2,430.13 3,207.51 3,307.82 3,404.29 2,928.85 28/03/2017 BSTA CONFERENCE 13

  14. ROOT CROP IMPORTS 2008 2009 2010 2011 2012 2015 Root Crop (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) Cassava 0 1.80 3.40 0.73 3.50 1.67 Eddoes 76.23 115.10 63.70 86.31 106.34 106.14 2008 2009 2010 2011 2012 2015 Sweet Potato Root Crop 11.09 (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) (000’kg) 36.40 1.00 9.99 2.34 24.59 Cassava 1.80 3.40 0.73 3.50 1.67 0 Eddoes 115.10 63.70 86.31 106.34 106.14 76.23 Yam 84.09 Sweet Potato 36.40 1.00 9.99 2.34 24.59 11.09 20.70 8.60 22.69 25.22 33.73 Yam 20.70 8.60 22.69 25.22 33.73 84.09 Onion 1,922.90 2,064.40 2,026.63 2,212.69 2,169.33 1,715.65 Onion 1,715.65 Peanut 71.40 41.50 61.19 111.05 9.03 0 1,922.90 2,064.40 2,026.63 2,212.69 2,169.33 Total Root Crops 2,168.30 2,182.60 2,207.44 2,461.14 2,344.49 1,887.06 Peanut 0 71.40 41.50 61.19 111.05 9.03 Total Root Crops 1,887.06 2,168.30 2,182.60 2,207.44 2,461.14 2,344.49 28/03/2017 BSTA CONFERENCE 14

  15. COCONUT The coconut tree (Cocos nucifera) is a member of the family Arecaceae (palm family) and the only species of the genus Cocos. The term coconut can refer to the whole coconut palm or the seed, or the fruit, which, botanically, is a drupe, not a nut. 28/03/2017 BSTA CONFERENCE 15

  16. THE TREE OF LIFE 16 BSTA CONFERENCE 28/03/2017

  17. COCONUT MEAT - COPRA 28/03/2017 BSTA CONFERENCE 17

  18. COCONUT OIL 28/03/2017 BSTA CONFERENCE 18

  19. COCONUT MILK 28/03/2017 BSTA CONFERENCE 19

  20. COCONUT BUTTER 28/03/2017 BSTA CONFERENCE 20

  21. COCONUT WATER 28/03/2017 BSTA CONFERENCE 21

  22. COIR ROPE 28/03/2017 BSTA CONFERENCE 22

  23. SHELL BASKETS 28/03/2017 BSTA CONFERENCE 23

  24. ROOF THATCHING 28/03/2017 BSTA CONFERENCE 24

  25. ENERGY 28/03/2017 BSTA CONFERENCE 25

  26. COCONUT PRODUCTION (2014) Average yield Country Tons Ranking Nuts per Tree (Tons/acre) World 60,511,756 19.9 99 Indonesia 18,300,000 1 23.8 118 India 11,078,873 3 20.4 102 Ss. Brazil 2,919,110 4 45.9 228 Dominican Republic 333,630 16 26.8 133 Jamaica 240,111 21 23.5 116 Guyana 77,748 30 17.6 88 Cuba 63,261 36 15.8 79 Trinidad and Tobago 22,095 47 30.7 153 St. Lucia 13,010 55 19.4 97 Dominica 7,917 60 11.8 59 65 Grenada 6,260 14.2 71 Puerto Rico 4,745 68 61.5 306 St. Kitts and Nevis 2,852 74 19.3 96 Barbados 2,300 80 15.9 79 St. Vincent 2,259 81 14.7 73 Belize 904 85 9.2 46 26 28/03/2017 BSTA Conference

  27. WORLD COCONUT OIL PRODUCTION (‘000 metric tons) 28/03/2017 BSTA CONFERENCE 27

  28. WORLD COCONUT OIL PRICES (US$ per ton) 28/03/2017 BSTA CONFERENCE 28

  29. LAYOUT X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X X 28/03/2017 BSTA CONFERENCE 29

  30. BORON DEFICIENCY 28/03/2017 BSTA CONFERENCE 30

  31. BORON DEFICIENCY 28/03/2017 BAMC Workshop 31

  32. BORON DEFICIENCY 28/03/2017 BSTA CONFERENCE 32

  33. SUMMARY ANALYSIS Value (Bd$) Category 1. Total Variable cost 12,882.80 2. Total Fixed Cost 4,874.80 17,756.80 3. Total cost 30,243.20 4. Gross margin 30,243.20 5. Returns to management* 0.37 6. Cost of production/lb 0.63 7. Return to mangement/lb 170 8. Gross Return on Investment * Plus the value of their own labour which has been costed 28/03/2017 BSTA CONFERENCE 33

  34. THANK YOU ? 28/03/2017 BSTA CONFERENCE 34

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