Some $430 million has been budgeted to support rice and paddy production, as government targets improved output, storage, and market access.
Overall, $113.2 billion has been allocated to advance the agriculture sector this year.
This was announced by Senior Minister in the Office of the President with Responsibility for Finance, Dr Ashni Singh, as he presented the $1.558 trillion 2026 budget.
The allocation for rice and paddy production follows years of steady growth in the sector, which remains central to Guyana’s food security and economic diversification.
Government says targeted investments over the last five years have steadily increased rice production.
Interventions have included the distribution of climate-resilient, high-yielding seed varieties, the construction of drying floors, research into value-added rice products, and access to export markets.
Farmers and millers have also received billions in direct support, while a crop insurance facility was launched at no cost to farmers.
“Over the next five years, Government will invest in seed processing facilities, establish rice producing clusters, promote domestic fertiliser production, [and] increase storage capacity through climate-controlled silos. We will work diligently to secure lucrative markets for paddy and rice, and develop and market value-added rice-based products. For the commencement 0f construction of Silos, an amount of $1 billion is provided in this year’s budget,” Dr Singh said.
Looking ahead, Government is not only focusing on production at home but is also seeking to expand Guyana’s presence in international rice markets.
Plans are underway to introduce new aromatic and biofortified varieties, develop value-added products, and strengthen trade links to ensure that local farmers benefit from growing demand abroad.
“We are already pursuing trade opportunities for rice, including with our counterparts in Mexico and in Europe,” he added.
Improved farming practices, including nano fertilisers and certified seeds, are also expected to further increase productivity.
In 2025, excluding fertiliser and paddy subsidies, $430.9 million was spent on developing the rice industry.
The additional $430 million for the rice industry reinforces rice as a strategic crop for food security, rural livelihoods, and economic growth.