Wednesday, February 6, 2019

$7 million to fund BAMSI, yet no significant returns


Focus now placed on distributing solely to wholesalers and retailers

NASSAU, BAHAMAS – The Bahamas Agriculture and Marine Science Institute (BAMSI) is now focusing on distributing solely to wholesalers and retailers to ensure that it is able to recover a significant return on the $7 million dollars it receives from government annually, according to BAMSI’s chairman Tennyson Wells.

The new focus is a shift from the norm for the farming operation which has previously focused heavily on balancing its educational program while retailing its farm products itself.

Wells told media Tuesday afternoon that it’s a practice that he felt was not beneficial for the operation and further aided in the annual loss which the operation faced.  Read more >>