Close to 70% of Uganda’s homesteads, that is, approximately 7 out of every 10 homesteads are not in the money economy. Many families still belong to the pre-capitalist mode of production where people do not produce for money but just for eating and social obligations.
Therefore, despite the fact that majority of the people are involved in agriculture, most of them only practice subsistence farming. This type of farming is a major setback to the prosperity of the sector. There is limited production since all the farmers think about is getting enough harvest to feed their families. As a result, the farmers cannot take advantage of increased demand both at home and in the neighboring countries in times of scarcity.
The room for profit making in such an environment is quite narrow. Potential investors can hardly give it their time and attention since they are mostly profit-minded. Our potential to export agricultural products like potatoes, beans, grains, milk and its products has also been subsequently undermined. The small scale farmers should be educated and encouraged to look at farming with a broader perspective that is not only limited to consumption.
If only the farmers in Uganda would adapt to commercial farming, there would be a ripple effect on the agricultural sector and entire economy.
Until next time folks…