Sugarcane farmers in Fiji will receive six new incentives and support measures aimed at reducing financial stress and strengthening the long-term future of the sugar industry, The Fiji Times reported.
One of the key steps is a cut in loan interest rates. The rate has been reduced from 4.5 per cent to 3.95 per cent with effect from January 1, 2026. Growers who achieve 75 per cent green cane harvest will qualify for a further reduced rate of 3.5 per cent.
Farmers will also have access to a new revolving credit facility, allowing them to draw funds when required without repeatedly applying for fresh loans.
In addition, a commercial loan option has been introduced to help growers expand into other income-generating activities beyond sugar production.
Further support includes a voluntary savings scheme with the Fiji National Provident Fund to help farmers build retirement savings. Mortgage Protection Insurance will also be provided to clear Sugar Cane Growers Fund loans of up to 50,000 dollars in cases of death or permanent disability.
House Fire Insurance will be offered to help farmers safeguard their homes.
The government will continue programs aimed at encouraging new entrants into farming. Grants of up to 7,500 dollars will be available to assist new farmers and support lease renewals. Financing options for women involved in the sugar sector will also be expanded.
Minister for Agriculture, Waterways and Sugar Industry Tomasi Tunabuna said the measures are intended to provide practical help to farmers dealing with rising costs and climate-related problems.
“These initiatives are about easing the financial burden on our growers while helping them build stronger and more secure farming businesses for the future,” he said.
Support will also come from the Bring a Smile New Zealand Charity Group, which will assist farming families facing medical, financial and social difficulties.
