An article quoted from Dawn news , the link and article is below:
http://news.dawn.com/wps/wcm/connec...-and-business/agriculture+under+severe+stress
"Nonetheless, corporate farming is being practiced rather ‘’informally’’ by a few modern farmers. Jehangir Tareen’s name is mentioned as one of its main exponent. The two companies--sugar mills- in Rahim Yar Khan-quoted on stock exchange are run by him.
Nearly 25,000 acres of land is said to be under supervision of these two companies for which agricultural land has been acquired on lease. Mr Tareen has engaged an Australian as his manager who has also developed the informal structure for corporate farming.
The title owners of agricultural land are the shareholders of the company who are paid dividends which is said to be much more than what would have been earned by way of tilling it. Besides, plantation of sugar cane, other crops are also said to be cultivated in these farms. Tax on crop income is collected from the shareholders as agricultural tax while other levies are on industrial products. Mr Tareen plans to undertake sugar cultivation in ‘kutcha’ areas in Ghotki to feed a sugar mill. "
[hilar]
THE TRUTH:
Jahangir Tareen borrowed loan of Rs 3 billion @ interest rate of 3% especially granted by Asian development bank for corporate farming due to his political connections as he not only remained Advisor to the Chief Minister, Punjab, on Agriculture and New Initiatives but also l became Minister of Industries, Production and Special Initiatives in August 2004.
Before this , he had only 1 sugar Mill , but with this new hard earned cash , he set up two new sugar mills , and also extended the crushing capacity of Ghotki Sugar Mill from 4000 to 7000 tpd.
He also enjoys playing his full part in sugar stocking.
These are our hard working politicians, working tirelessly to fool the nation.;)
http://news.dawn.com/wps/wcm/connec...-and-business/agriculture+under+severe+stress
"Nonetheless, corporate farming is being practiced rather ‘’informally’’ by a few modern farmers. Jehangir Tareen’s name is mentioned as one of its main exponent. The two companies--sugar mills- in Rahim Yar Khan-quoted on stock exchange are run by him.
Nearly 25,000 acres of land is said to be under supervision of these two companies for which agricultural land has been acquired on lease. Mr Tareen has engaged an Australian as his manager who has also developed the informal structure for corporate farming.
The title owners of agricultural land are the shareholders of the company who are paid dividends which is said to be much more than what would have been earned by way of tilling it. Besides, plantation of sugar cane, other crops are also said to be cultivated in these farms. Tax on crop income is collected from the shareholders as agricultural tax while other levies are on industrial products. Mr Tareen plans to undertake sugar cultivation in ‘kutcha’ areas in Ghotki to feed a sugar mill. "
[hilar]
THE TRUTH:
Jahangir Tareen borrowed loan of Rs 3 billion @ interest rate of 3% especially granted by Asian development bank for corporate farming due to his political connections as he not only remained Advisor to the Chief Minister, Punjab, on Agriculture and New Initiatives but also l became Minister of Industries, Production and Special Initiatives in August 2004.
Before this , he had only 1 sugar Mill , but with this new hard earned cash , he set up two new sugar mills , and also extended the crushing capacity of Ghotki Sugar Mill from 4000 to 7000 tpd.
He also enjoys playing his full part in sugar stocking.
These are our hard working politicians, working tirelessly to fool the nation.;)
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