“These incentives demonstrate the State's commitment to supporting Moroccan agriculture in its second phase of development. The ambition is to make the agricultural sector a priority lever for socioeconomic development in Morocco. In fact, the Al Jayl Al Akhdar strategy gives a privileged place to the development of agricultural sectors," explains Today Le Maroc, adding that this implies accelerating the development of agricultural products, the emergence of new sectors with great potential, the support for export competitiveness as well as the maintenance of the investment effort and the rationalization of upstream incentives.
It should be noted that the agricultural aid system launched proposes the introduction of new aid in accordance with the commitments acquired in the program contracts signed between the State and the inter-professions of the main productive sectors, as well as the reinforcement of aid assigned under certain rubrics, without forgetting the encouragement and strong incentive for aggregation.
It should be remembered that the participation of agriculture in the public investment budget has been limited for a long time, which had an impact on the productivity of this sector and, consequently, on farmers' income. “The accumulated credits opened through the general state budgets (BGE) reached 81 billion dirhams within the framework of the Green Morocco Plan. Resources increased from 1.6 billion dirhams in 2008 to 10.3 billion dirhams in 2019. 91% of the resources mobilized annually from the general state budgets are executed at the regional level, that is, a cumulative amount of 72.5 billion dirhams between 2008 and 2019,” the newspaper also explains.
It is highlighted that this investment dynamic has contributed to reestablishing the balance of financing in the agricultural sector in view of its contribution to the creation of national wealth, employment and food security. “This effort has also made it possible to develop productive infrastructure, expand incentive schemes to encourage farmers to modernize and equip their farms, but it has also had a domino effect on the private sector, having drained almost 60% of total investment. effort in the agricultural sector. In 10 years of deployment of the Green Morocco Plan, the agricultural sector has accumulated 104 billion dirhams of investment, including 63 billion dirhams from the private sector (61%) and 41 billion dirhams from the public (39%).”
It is also worth noting that public investment has been directed mainly to productive infrastructure, particularly irrigation and hydro-agricultural infrastructure (60%), solidarity agriculture (15%) and the development of productive sectors (13%).
Source: Le360