Farmers are set to benefit after the Grain Marketing Board secured a fresh injection of ZWG30 million and US$2,5 million from the Treasury to settle outstanding payments, a move expected to strengthen confidence in the agricultural sector and support ongoing production.
The timely release of funds comes as many farmers rely on prompt payments to cover production costs, repay loans, and prepare for the next farming season. It is also seen as a boost to liquidity within the sector, which remains central to Zimbabwe’s economy and food security strategy.
In a statement, GMB chief executive officer Dr Edson Badarai confirmed the latest disbursement, noting that it forms part of ongoing efforts to support farmers and ensure smooth grain deliveries.
“The Grain Marketing Board is delighted to announce receipt of ZWG30 million and US$2.5 million from the Treasury for payments to farmers,” he said. “This brings total cumulative payments for wheat deliveries to ZWG 280 million and USD 32.5 million.”
Related Stories
Dr Badarai said the funds provide much-needed relief to farmers who depend on consistent payments to sustain their operations and reinvest in production.
“This vital funding brings much-needed relief to farmers. The support underscores the Government’s steadfast commitment to agriculture, a key sector driving Zimbabwe’s economy,” he said.
“The Board extends its gratitude to the Hon. Minister of Lands, Agriculture, Fisheries, Water and Rural Development, Dr Anxious Masuka, for his tireless efforts in securing Treasury support. GMB remains dedicated to partnering with farmers to achieve national grain self-sufficiency.”
The latest payout is expected to improve farmers’ access to inputs and boost wheat production, a key crop in the country’s food security plans.
With agriculture remaining a cornerstone of Zimbabwe’s economy, consistent financial support is viewed as critical in enhancing productivity and strengthening rural livelihoods.
Leave Comments