The farmers body said that the cost of inputs might affect the operations of farmers and the prices of their outputs.
The Oyo State chapter of the All Farmers Association of Nigeria (AFAN), has expressed worries that prices of food may rise in 2022, given the exorbitant prices of farming inputs.
Chairman of AFAN in the state, John Olateru, in an interview on Wednesday in Ibadan, said that the cost of inputs might affect the operations of farmers and the prices of their outputs.
“Prices of chemicals are now more than triple of what they used to be; the same for fertilisers, while land preparation has gone from N5,000 to between N12,000 and N15,000 per hectare.
“The cost of cultivating farmlands has gone out of control, and this will affect the prices of the items that will be planted,” he said.
Mr Olateru also lamented what he called cumbersome procedures of accessing exchange rate by farmers and sometimes, non-availability of foreign exchange for importing farming inputs.
“Another problem is that on everything you import, there is 7.5 per cent VAT that you have to pay. There is also the five per cent minimum duty that you must pay on importation of tractors and other things.
“If you add 7.5 per cent with five per cent, that gives you 12.5 per cent duty on what you are importing, while the official forex is not available.
“All these will have a multiplier effect on the prices of farmers’ outputs,” he said.
On climate change, Mr Olateru said on the side of farmers, going back to the farm was looking good, with the favourable weather forecast, unlike what was obtained in 2021.
(NAN)
