The government has allocated millions to develop the agriculture and fisheries sectors in the 2026 budget, Premier Dr Natalio Wheatley disclosed during a government press briefing last week.
He said the funds will improve food production, strengthen local livelihoods, and support national development. The initiatives include new infrastructure, land acquisition, and grants for farmers and fishers.
“Provisions were made in the 2026 budget for the reservoir to ensure reliable and consistent supply of water at Paraquita Bay, an essential and basic requirement of farming,” Dr Wheatley stated.
He explained that an agricultural complex will also be constructed to “house the services necessary to support farmers.” Nearly $2 million has been allocated for both projects. The government also set aside $1 million to purchase additional land for farming.
Dr Wheatley further announced that the administration will soon pass an agricultural grant policy to help local producers expand their operations. “There is $300,000 for fishing and farmers, which will be distributed by year’s end,” he said.
In addition, a $400,000 allocation was made for the construction of a new fishing complex at Baughers Bay.
The Premier highlighted these initiatives as part of wider efforts to strengthen the Virgin Islands’ economic foundations through agriculture and food security.
The 2026 budget, totalling over $550 million, is the largest in the territory’s history, with record revenues projected at more than $446 million. According to Premier Wheatley, the funding demonstrates the government’s commitment to “building a sustainable nation” and supporting key productive sectors.
Agriculture and fisheries development have become priorities in recent years, with the Ministry of Natural Resources and Labour seeking to revive local production and reduce reliance on imports. Officials have long emphasised the need for investment in water supply, equipment, and market access for local farmers and fishers.
During his address, Dr Wheatley also underscored that the investments form part of a broader plan to improve the territory’s self-sufficiency. “These are just a few areas worth mentioning,” he explained, adding that more details on the government’s spending priorities will be shared in the coming weeks.
The funding package, once implemented, is expected to support new infrastructure, training, and capacity building to enhance the sustainability of the Virgin Islands’ agriculture and fisheries industries.
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