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{
    "id": 47020,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/47020/?format=api",
    "text_counter": 318,
    "type": "speech",
    "speaker_name": "Mr. Raila",
    "speaker_title": "The Prime Minister",
    "speaker": {
        "id": 195,
        "legal_name": "Raila Amolo Odinga",
        "slug": "raila-odinga"
    },
    "content": "We know that there are other value additions which have not been taking place like coal generation. The generation of electricity and the production of ethanol from molasses can be added, but if it is added and the factory is, therefore, making more money from the original cane, that benefit needs to be shared with the farmer. You will find that the cane prices remain constant when, for example, the companies have introduced other fields and are now generating electricity which they are selling to the grid. They are producing ethanol, which they are also selling, but the farmers continue to be paid the original price that they were paid before all these were added. The company, therefore, posts bigger profits and is able to pay more dividends to people who are not engaged in farming. I also agree that a certain percentage be reserved when we are privatizing for the farmers and another percentage be sold through the IPOs, so that the public can then participate and allow the strategic investor to own the rest of it. Mr. Temporary Deputy Speaker, Sir, the investor will not come if we are saying that he is going to be a minority shareholder in the business. No private person comes to bring his money in order to benefit other people. But farmers must have a share so that they are shielded and can benefit from the profits which are made by the company. With those few remarks, I beg to support."
}