Saudi Agricultural Fund allocates SAR 100 mln for fodder imports

The Saudi Agricultural Development Fund (ADF) has allocated SAR 100 million to finance fodder imports, Al-Eqtisadiah newspaper reported on Wednesday, citing Mussa Al-Qahtani, the fund’s spokesperson.

“The allocation could be raised, whenever the fund deems necessary,” Al-Qahtani said.

ADF has developed proactive programs to help livestock breeders cover the feeding costs, arising from the Kingdom’s decision to ban the cultivation of green fodder.

These programs will meet 50 percent of local demand for green fodder, he added.

The fund’s vision aims to maintain the Kingdom’s agricultural strategy through the best sustainable financing channels, and achieve food security.

Saudi Arabia’s ban on cultivating green fodder will come into effect on Nov. 3, 2018 to reduce water consumption, Argaam earlier reported.