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No profits

Owner says BAMC owes rent dating back to 2013

Two plantations, for which the state-run Barbados Agricultural Management Company (BAMC) owes rent dating back two years, have been placed on the auction block at a starting bid of $17.6 million.

Investigations by Barbados TODAY revealed that Thicket and Dayrells Plantations, which the BAMC has been leasing from owner Allan Kinch, are among 10 commercial and residential properties being put up for sale. The properties would fetch a total of at least $21.6 million.

Kinch told this newspaper today he was auctioning off the plantations because he was abandoning the unprofitable agriculture industry, adding that the BAMC also owed him an undisclosed sum of money, from as far back as 2013.

Allan Kinch says he is abandoning the unprofitable agriculture industry.

Allan Kinch says he is abandoning the unprofitable agriculture industry.

“They are not paying. They did not pay last year’s rent and they paid only a portion of the year before and this year’s rent is due in two months’ time. They tell me they are waiting on Government to give them the funds to be able to pay last year’s rent,” he told Barbados TODAY, although declining, when pressed, to say how much money was outstanding.

“I understand they have not even paid the plantations with respect to the payment for the sugar crop for last year. You would be surprised if any of the plantations would hire anyone and harvest the crop this year if they are not paid.”

Neither general manager of the BAMC Leslie Parris nor chairman Dr Justin Robinson was available for comment.

The local investor said he has had enough of the frustration involved in agriculture, adding that praedial larceny was another major stumbling block that was forcing farmers to give up.

Kinch said it was now necessary to find other sources of finance and embark on alternative ventures.

“[There was the need] to raise funds for doing other projects as well as to get out of the agricultural side of the business because I have been concentrating on agriculture for many years now and only recently got back into tourism, which I was in about 20 years ago,” he said.

Kinch said the commercial and residential properties in Royal Westmoreland, Sandford, Mount Pleasant, Searles and Three Houses Meadow which will go on the auction block were part of developments which were not sold and he was seeking to sell them off.

The businessman suggested that the agriculture sector could thrive if individuals could own and operate small and more manageable plots of land, rather than a few people having large properties.

He added that self-employment would be a more attractive option in the agriculture industry where, for example, 1,000 acres could be sub-divided into 100 10-acre farms.

“So I see the future in agriculture being co-ops, where you would have a carrot growers’ co-op and a pumpkin growers’ co-op; each one would be their own entity,” Kinch said.

“I think that the Ministry of Agriculture should have 51 per cent ownership and the farmers have 49 per cent. But the control would have to be in the farmers’ decision-making as to how to conduct the co-op,” he suggested.

Explaining why he would prefer to see the ministry owning the majority shareholding, Kinch said he believed that would give Government the power to ban the importation of specific commodities from any extra-regional country and make the cooperative the sole importer of those items.

Kinch also lamented in the interview with Barbados TODAY that Government bureaucracy was “killing” investment                 in Barbados.

8 Responses to No profits

  1. Gregston Griffith
    Gregston Griffith January 27, 2015 at 1:06 am

    These white people in Barbados is taking the country for granted

    • Elke Hassell
      Elke Hassell January 27, 2015 at 3:54 am

      Are you a farmer???? The man is right, Barbados Government is doing sod all for Farmers and Agriculture. So don’t blame it on the “White Man” its a General cross the Board Disaster for all Farmers in Barbados, its hard ass work, its unrewarding and expensive as hell. I know it cause I’ve done for 28 years and ain’t got shit to show for it.

  2. Elke Hassell
    Elke Hassell January 27, 2015 at 4:02 am

    All along you have these Huge acreage of Land around the place that like Mr. Kinch says can be subdivided into 10 acre lots and give Landless people a chance to farm it. But alas the bureaucracy in this place is out of this world, they rather have it lying around then seeing it being productive. Lots of the unemployed people could have a chance to work for themselves and increase our productivity in Food Supply, cutting out all the useless vegetables we bring in from abroad and saving a ton of money in foreign exchange. But NOOO commonsense never prevails when it comes to Government Institutions and Laws. Here you are you own your Land, paid for it with your hard earned money and can’t do with it as you please, without them telling you how to cut up your own land and putting in a ton of demands and rules before you can even sell it. Its wrong!

  3. arther lashley January 27, 2015 at 8:42 am

    Starting bids around 17 mil aye!!
    Asking ent “Selling”.
    Lets see where this one goes.
    Any bets they don’t sell?

    Loads more bright ideas too about agriculture.
    How many more we gotta hear??

    Agriculture ent going noplace in Barbados ,’cept “to the dogs”
    BADMC got their hands on ONIONS Importing and selling at VAST profits.
    Pay around 7$US landed in BIm for foreign onions;a lot of the time.
    Sell them at 55$ and 60$ Bajun.
    Then cry about “local Manufacturers” not so successful.
    Surprise surprise ! After paying over 100% above World price for their onions.
    I would love to see where the THOUSANDS of $ for onions sales,BADMC get ,end up.
    Mostly it straight cash. Any body ever look at their books or they run like the “Caves”?

    OOPS. Sorry we in Barbados.
    That could NEVER happen.

  4. Tony Waterman January 27, 2015 at 3:13 pm

    @Gregston Griffith!!! Alas it is always the white peoples fault, we got a bunch of Political GOOFBALLS destroying the Country, and you can’t see the forest for the trees. you can only see the white people who are trying just like you to “UNSUCESSFULLY”make a Dollar. What is happening in Barbados is EXACTLY what Happened in Zimbabwe under Robert Mugabe, and our demise is going to be similar to theirs, no doubt.
    You for some reason, Probably Racist, completely IGONRES Mr.Kinch’s subdevision suggestion, and then suggests that they (White People) are taking Barbados for granted, Great Racist deduction. therein lies a lot of the Problems in Barbados, too much HATRED for one another. The (B)ees hate the (D)ees,Brothers hate Brothers (Cain & Abel) what next????

  5. Tony Waterman January 27, 2015 at 3:19 pm

    BY the way!!! what does our ESTEEMED PM Mr.Freundal Stuart has to say about the Fact That Standard and Poors (S&P) has DOWNGRADED RUSSIA to JUNK BOND STATUS, Same as Barbados, have not yet seen MR.Putin as DISMISSIVE as Mr.Stuart, wonder Why???? perhaps Mr.Putin has the ABILITY to be more worried about what that can do to his Country’s Economy, than Mr. Stuart is CAPABLE of realising.

    Lets get some comment on that development

  6. Mark Walkes January 27, 2015 at 4:50 pm

    @Tony Waterman….wholeheartedly agree with both of your comments.

  7. seagul January 29, 2015 at 1:49 pm

    How many plantations er sorry, boutique hotels does he now has?


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