THE agriculture sector is set to receive a significant boost with an allocation of M1.3 billion from the 2024–2025 fiscal budget, marking a notable increase from the M1.1 billion allocated in the previous fiscal year.

Minister Thabo Mofosi, responsible for agriculture, food security, and nutrition, announced this development during the post-budget gala dinner held this week.

Emphasising the pivotal role of agriculture in Lesotho's economy, he highlighted the necessity of such a substantial budget allocation.

Acknowledging the challenges faced in the utilisation of the M1.1 billion allocated in the 2023–24 fiscal period, Mofosi attributed the delays to fund releases from the Ministry of Finance and Development Planning.

These delays hindered the timely procurement of fertilisers, inputs, and agricultural equipment, impacting the ministry's objectives.

Expressing the need for an expedited procurement system, Mofosi said delays in fund release hinder the ministry's progress. He outlined proactive measures, such as ordering fertilisers earlier than usual and expanding storage facilities in Ha Foso for agricultural inputs, to address these challenges.

The increased budget allocation aims to support the expansion of contract farming, fostering better relationships between farmers and buyers.

Mofosi highlighted the goal of ensuring that producers have access to markets without difficulty, thereby preventing unnecessary losses.

To enhance market understanding among farmers, the minister emphasised the importance of contract farming, aiming to reduce the percentage of farmers producing without a defined market.

The focus on organising workshops in the upcoming financial year underscores the ministry's commitment to facilitating better communication and cooperation between producers and buyers.

Looking ahead, the 2024–2025 budget prioritises the comprehensive transformation of agriculture, addressing hunger, improving food security, and promoting sustainable agriculture.