Egypt After 2025: Navigating a Critical Inflection Point    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Morsy drops farmers' debts
Published in Daily News Egypt on 11 - 09 - 2012

Addressing his audience of fellaheen (farmers), President Mohamed Morsy echoed former President Gamal Abdel Nasser, saying “I'm one of you in terms of roots and upbringing."
In his speech on Tuesday commemorating farmers' day, Morsy praised Egypt's fellaheen, stating that “Egypt's farmers were the first to rebel against tyranny 4,000 years ago."
Presidential spokesman, Yasser Ali said earlier yesterday that the president is keen to join Egyptian farmers in celebrating their farmers' day. Ali indicated that recent decisions including forgiving farmers' debts and buying crops at prices that almost reach international ones are reflective of the government's efforts to alleviate the hardship inflicted upon Egypt's destitute fellaheen.
The president announced that all fellaheen' debts which are less than EGP 10,000 will be forgiven, and he urged the Bank of Development and Agricultural Credit (BDAC) to swiftly implement his decision.
“Currently we're studying the dossiers of farmers whose debts exceed EGP 10,000," Morsy stated. Though, he added in colloquial Egyptian that “whoever defaults next year shall repay the old debts."
During his campaign and after he took office Morsy pledged to drop farmers' debts, which amount to EGP 1.9 billion, split between investment debts totalling EGP 520 million, and agricultural debt totalling EGP 400 million.
In his speech Morsy also stated that the yields of wheat has increased by 1.5 million tonnes, while rice yields amounted to eight million tonnes at EGP 2000 per tonne for slim grains and EGP 2050 per tonne for wide grains. These prices are less than the international prices for rice, which stood at EGP 3523.1 per tonne. Minister of Agriculture and Land Reclamation Salah Abdel Momen reportedly stated that the government will buy rice from farmers at international prices to support farmers.
Egypt's rural population was reported to number 57.20 million in 2010. They represent up to half of Egypt's workforce. They also represent a vital electoral bloc capable of deciding any elections' turnout.


Clic here to read the story from its source.