Appendix 3 - TT Chamber Catalyzing the Agri and Fisheries Sectors

Income Years: 2024 to 2027

Source Link: https://info.ttbizlink.gov.tt/investment-incentives/agriculture

Vehicles Rebate Recommendations July 2023

Contour banking and Contour ridging per ha.

Contour barriers per 30m of cost up to a maximum of $1,000 of cost up to a maximum of $75 of cost up to a maximum of $120 Check dams

Terrace outlets per 30m of cost up to a maximum of $200 Crops of cost up to a maximum of $6,000 of cost up to a maximum of $4,000 Cocoa/coffee establishment per of cost up to a maximum of $4,000 of cost up to a maximum of $10,000 of cost up to a maximum of $6,000

Vehicles Rebate Recommendations July 2023

Vehicles Rebate Recommendations July 2023

Alternative culture system construction 25% of cost up to a maximum of $25,000

Ponds rehabilitation 100% of cost up to a maximum of $7,000

Water pumps, hoses and accessories

50% of cost up to a maximum of $20,000

Aeration equipment 50% of cost up to a maximum of $10,000

PVC pipes, valves, fittings and accessories 25% of cost up to a maximum of $10,000

Harvesting gear and equipment etc. 25% of cost up to a maximum of $10,000

New wells, dams reservoirs pond etc. construction 25% of cost up to a maximum of $25,000

Wells and dams etc. refurbishment

Guaranteed Prices

15% of cost up to a maximum of $15,000

Cost per kilogram (kg)

Cocoa $19 per Kg

Coffee $12 per Kg

Rice:

1. Grade I 1. $2.99 per Kg

2. Grade II 2. $2.86 per Kg

3. Grade III

$2.09 per Kg

4. Rice Seed 4. $2.99 per Kg

Milk $1.50 per Kg

VII. Research and Development Facility (RDF)

Through its funding, the RDF endorses support for the successful marketplace entry of innovative and technology driven business ideas in, inter alia

Eligible companies can access funding in three (3) phases:

Phase 1: Feasibility- 70% of the total cost of the project up to TT$100,000.00;

Phase 2: Product and service development- 50% of the total cost of the project, up to TT$750,000.00;

Phase 3: Product/Service Commercialization- up to TT$150,000.00

Recommendations

Phase 1: Feasibility- 70% of the total cost of the project up to TT$200,000.00;

Phase 2: Product and service development- 75% of the total cost of the project, up to TT$750,000.00;

Phase 3: Product/Service Commercialization- up to TT$250,000.00