July-September 2014 Quarterly Newsletter
Dear reader, Welcome to this edition of our quarterly Newsletter highlighting VEDCO’s activitities for the period April-June 2014. Agriculture is the backbone of Uganda’s economy. It directly & indirectly employs 80%percent of Uganda’s population. On June 12,during the 2014/2015 National budget reading, the Minister of Finance Maria Kiwanuka revealed that there would be removal of tax exemptions on agro-inputs, poultry and livestock feeds and terminated exemption on interest income on agricultural loans.
These taxes will with no doubt be a burden to farmers because they will increase cost of production on the farm. There will be rise in prices of farm inputs making agriculture expensive for the ordinary farmer and even push some out of the sector most especially the small holder farmers. Nice reading.