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(REUTERS) Zambia prepares model farm as mining alternative

Zambia prepares model farm as mining alternative
Mon Feb 2, 2009 3:00pm GMT

LUSAKA, Feb 2 (Reuters) - Zambia is completing a model farm meant to encourage economic diversification from copper and cobalt mining to agriculture, finance minister Situmbeko Musokotwane said on Monday.

The 155,000-hectre Nansanga farm will be ready for foreign and local investors this year as the country pushes to grow more export crops to reduce dependency of copper exports, he said.

Musokotwane said an initial 42.4 billion kwacha ($9.19 million) had been allocated in the budget he unveiled last Friday for infrastructure development at Nansanga.

"In terms of electricity, I can confidently say we are 80 percent done with the works," he said.

"What we need is electricity for irrigation farming and there is money provided in the budget to do roads and dams, which will be for our small scale farmers while we will let the big (farmers) to sort themselves out.

Another 56.5 billion kwacha was be used by small scale farmers countrywide to grow export crops, mainly maize, he said.

Musokotwane said part of the Nansanga land would be awarded to European investors keen to grow crops for biofuels and that the government would soon engage contractors to do roads and dams to ensure there is irrigation farming all year round.

The global financial crisis has hit copper exports and Zambia has said its economy cannot continue to rely on the copper industry, the country's economic mainstay.

(Reporting by Shapi Shacinda)

Labels: FARM BLOCS, FARMING, NANSANGA FARM

posted by MrK @ 4:05 PM