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Agricultural Economics Essay

1096 words - 5 pages

Article review
The article entitled From a KING to a PAUPER, dated March 2, 2014, extracted from the Sunday Gleaner, discusses likely negative outcomes for the Jamaica Sugar Industry in years to come. The writer predicts a dim future for the sugar industry which once ruled the roost.
Jamaica is currently a top-flight sugar producing nation, however according to Western Bureau: Chairman of the Caribbean Karl James, all that could change by 2020 if Jamaica does not seek to implement new and creative strategies to add value to their product. This is very important as there will be a reduction in the price of bulk sugar.
It is being recommended that Jamaica invest in a refinery. ...view middle of the document...

Later under the British plantation system the island became the major producer and leading exporter of sugar in the world. The industry achieved its highest level of production in 1965when 516,825 tonnes of sugar were produced from 4,731,943 tonnes of cane reaped from 59,773hectares. At that time eighteen factories were in operation. Because of the need to increase efficiency and benefit from economies of scale the number of factories operating on the island declined steadily from 140 in 1900 to the current number of 8.

Critique of the article

The article reflects the feelings of individuals on the Jamaica Sugar Industry. There are currently eight factories operating in the industry. They are Frome, Monymusk, Bernard Lodge, Appleton, Long Pond, Worthy Park, St. Thomas Sugar Estates and Hampden. In the writer’s opinion, based on evidences and observed trends, the Jamaica sugar industry which at the moment is considered to be a top producer will lose its status in years to come. Currently Jamaica is in an agreement with the British firm Tate and Lyle. This deal spans over a three year time period. Currently the agreement is in its second year and no doubt this deal has caused Jamaica to become quite comfortable as they are gaining a relaxed amount of income.
Did the author support his main points?
The main objective of the article was to give evidences to support the reason for saying that Jamaica’s sugar industry will no longer be booming in the near future. The author supported his argument by giving quotations from three persons. These persons are Western Bureau: Chairman of the Sugar Association of the Caribbean Karl James, Donovan Stanberry permanent secretary in the Ministry of Agriculture and Josh Jadoo, a former director of the Factories Services Division of the Sugar Industry Research Institute. Overall, all three persons that the author made reference to holds the same beliefs as it relates to the Jamaican sugar industry. According to James if Jamaica does not invest in a refinery and add value to the product then there will be a dim future for the industry. Stanberry believes that after the three year agreement expires the industry will be in doom if they do not become creative and he...

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