TREASURY is expected to pay farmers $840,45 million by year end for a record 2,15 million tonnes of grain delivered to the Grain Marketing Board, Finance and Economic Planning Minister Patrick Chinamasa has said.
This is Zimbabwe's biggest harvest since 2000. Of the $840 million, Government has so far paid $600 million to farmers after delivering 1,6 million tonnes of maize to GMB. This comes after Treasury increased weekly disbursements to GMB to about $40 million to boost their planning in the current summer cropping season. Previously, farmers would go for months without getting payment. Minister Chinamasa recently told The Herald Business in a post budget interview that the country expects to deliver over 2,1 million grain to GMB and a sum of $840 million will be paid to make sure farmers' plans remain on track.
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