Availability of financial support for the young generation in commercial farming: legal incentives

Abstract

This paper critically examines the access to financial resources by the Tanzanian young men and women for commercial farming purposes. The main aim of this endeavour is to recommend the type of effective legal incentives that are needed in order to boost access to those resources by that said population group. The thesis of this work is that effective youth-centred legal incentives will simplify availability of financial support to the young generation hence increasing the number of young people engaging in commercial farming in Tanzania. The paper begins with highlighting the context of young people’s engagement in commercial farming in Tanzania, followed by the Tanzania’s vision on agriculture. Thereafter, the paper looks at an overview of the efforts made to attract the young generation into agribusiness. That part is followed by an examination of factors that prevent young people from fully engaging in commercial farming, with an emphasis on the question of availability of financial support. At that point, the paper expounds how lack of funds is a major obstacle that stands between the Tanzanian young generation and their dream of economic sustainability through commercial agriculture. Finally, the paper discusses the types of legal incentives that are needed so as to make financial support for agribusiness easily accessible to the young generation.