Subscribe Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Up to $85M earmarked to develop agriculture sectors

Up to $85M earmarked to develop agriculture sectors

A team of farmers prepare to plant rice seedlings in a Kampot province paddy last year.
A team of farmers prepare to plant rice seedlings in a Kampot province paddy last year. Pha Lina

Up to $85M earmarked to develop agriculture sectors

Representatives of Cambodia’s rice sector and the Ministry of Economy and Finance (MEF) met yesterday with the International Fund for Agricultural Development (IFAD) to discuss the implementation of a five-year program to promote the Kingdom’s agricultural products.

The Accelerating Inclusive Markets for Smallholders (AIMS) initiative will allocate $85 million toward the development of 10 different sectors of the country’s agriculture industry, according to Hun Lak, vice president of the Cambodia Rice Federation (CRF).

“The project will focus on promoting farming products first in local and then in international markets,” he said. “The budget will be used to improve Cambodia’s agricultural productivity as well as to provide the technical skills, production capacity, packaging facilities and the capital to bring these products to market.”

Starting next year and running until 2022, the AIMS project will support producers of meat, vegetable, fruits and rice products. IFAD has pledged to contribute $45 million to the project, while the MEF will provide $8 million. The remaining funds will be obtained through private sector investments, Lak explained.

“If the plan progresses well, we hope that it will help a lot of farmers and promote greater economic growth,” he said, adding that the project’s details would be finalised on September 8.

Cambodia’s agricultural sector already benefits from significant amounts of aid through IFAD programs. The NGO’s initiatives have a combined budget of $100 million.

Yang Phirom, business adviser for the Cambodian Center for Study and Development in Agriculture (CEDAC) and chief executive of Cambodia Farm Enterprise (COFE), welcomed news of the AIMS project, but warned that IFAD needs to work with the appropriate institutions to maximise its success.

“This is a really good project for developing the agricultural sector, but we need to make sure that those involved work with the organisations that have a good understanding of the market issues and the challenges facing farmers,” he said.

“The government should also guarantee retail prices for farmers otherwise they will give up their jobs in the farming industry.”


  • Kak Channthy, Cambodian Space Project frontwoman, killed in crash at 38 [Updated]

    Updated 5:05pm, Tuesday, March 20, 2018 Kak Channthy, frontwoman of popular The Cambodian Space Project, was killed Tuesday morning in a traffic accident in Phnom Penh. She was 38. Channthy, the internationally recognised singer-songwriter also known as “Srey Thy”, was reportedly travelling in a tuk-tuk on the city's

  • Australians protest Asean summit visit by PM Hun Sen

    Hundreds of protesters gathered in Sydney’s Hyde Park on Friday to protest against Cambodian strongman Hun Sen, who claimed to have been gifted millions of dollars by the Australian government ahead of a special Asean summit this weekend. An estimated 300 protesters, the majority of

  • One Australian, one Cambodian killed in explosion at military base

    Updated: 5:20pm, Friday 16 March 2018 An Australian tourist and a Cambodian soldier were killed in an explosion on Thursday afternoon at an army base in Cambodia’s Kampong Speu province. The Australian, whom the government initially identified as a technical demining expert in his 40s, and

  • Peeling back layers of prehistory in Battambang

    When the man passed away, he had not yet reached 50. He belonged to a tribe that had settled near the Sangker River in Battambang province, likely cultivating the fields and raising animals. On the side, they hunted for boars, and even turtles, one of which