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The Opinion Highlights by Taarifa Leo news Desk paint a vivid picture of a potential cotton boom in Busia County, Kenya. By the end of 2024, locally grown cotton is expected to flood the Kenyan market, promising wealth and prosperity for Busia farmers.
Cotton processing and clothes factories will be built in the country to make use of the Busia Cotton. Busia cotton farmers are likely to be wealth by 2029, buy and cruising around in flashy cars.
Banks will actively court these farmers, offering loans tailored to their booming international cotton business.
The Potential Perils
As of what India cotton farmers when through years ago, pesticides used to control pest in cotton will triple in price and over tax will come to hunt cotton farmers.
If farmers will rely heavily on loans, it’ll be a debt trap that will lead to the end of the of cotton farming by 2045. A stark warning – if farmers heavily lean towards loans as their primary financial recourse, the longevity of cotton farming in Kenya will be jeopardized.
