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Michael Lee-Chin (Photo: blackwallet.com)

Billionaire Michael Lee-Chin invests in mega farm

Michael Lee-Chin (Photo: blackwallet.com)

Chairman of the National Commercial Bank (NCB) Financial Group, Michael Lee-Chin, has purchased 3,000 acres of land in St Catherine which will be used for a major agricultural project.

Michael Lee-Chin (Photo: canadianbusiness.com)

According to Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, the business mogul, will lead a group of investors to create the mega farm on lands which previously had the Innswood Sugar Estates.

Speaking at the Jamaica 4-H Clubs National Youth in Agriculture Symposium at the Northern Caribbean University on Wednesday, Shaw said the farm will have orchards for mangoes and soursop, canteloupes and melons among other short-and long-term crops.

“We will also develop the right mix of policies and strategies that meet their needs and aspirations, while simultaneously increasing their effective participation in the sector.”

– Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw

Noting that the farm will use Israeli technology, Shaw said more people, particularly students at the event, should aim for careers in agriculture.

Adding that approximately 10,527 young persons, or five per cent of registered farmers, are in the profession, he said his Ministry’s goal is to see more youth “choosing agriculture as a career”.

Minister of Industry, Commerce, Agriculture and Fisheries, Audley Shaw, delivers the keynote address at the Jamaica 4-H Clubs National Youth In Agriculture Symposium, held on February 5 at the Northern Caribbean University in Mandeville, Manchester.

Further, he said the soon-to-be-completed National Youth in Agriculture Policy and Implementation Plan will seek to build a platform to address issues facing youth in agriculture.

“We will also develop the right mix of policies and strategies that meet their needs and aspirations, while simultaneously increasing their effective participation in the sector,” Shaw said.

According to Forbes Magazine, Lee-Chin, who made his fortune investing in companies including NCB and AIC Limited, is worth is US$2.2 billion.