• Live Streaming
  • Reviews
  • Awarenesses
  • Our Products Shop
Farmers Zimbabwe
  • Farmers.co.zw
  • Agricultural Show
  • Budgets
  • Business
  • Case Studies
  • Did you Know
  • Insurance
  • Investment
  • Crops
  • Horticulture
  • markets
  • News
  • Startup Stories
  • tobacco auction
No Result
View All Result
  • Farmers.co.zw
  • Agricultural Show
  • Budgets
  • Business
  • Case Studies
  • Did you Know
  • Insurance
  • Investment
  • Crops
  • Horticulture
  • markets
  • News
  • Startup Stories
  • tobacco auction
No Result
View All Result
Farmers Zimbabwe
No Result
View All Result
Home Uncategorized

government will scale back its participation in the specialised farmer support programme command agriculture and rope in the private sector

jkm by jkm
November 30, 2018
in Uncategorized
0
0
SHARES
5
VIEWS
Share on FacebookShare on Twitter

FINANCE minister Mthuli Ncube says government will scale back its participation in the specialised farmer support programme command agriculture and rope in the private sector to provide financing as Treasury seeks to cut back spending on costly subsidies

Under the programme, government has been providing seed, fuel, irrigation and mechanised equipment to mainly smallholder farmers, who, in turn, are supposed to repay government by delivering five tonnes of their produce to the Grain Marketing Board.

The programme, which was launched in the 2016/17 season, has, however, been prone to abuse by the ruling Zanu PF party, becoming the centre piece of President Emmerson Mnangagwa’s campaign in the recent elections.

Resultantly, it has become a feeding trough for senior government officials, politicians, military chiefs and a connected few.

According to Treasury data, expenditure on agriculture has been one of the major components driving the southern African country’s unsustainable budget deficit.

Expenditure on the sector reached $1,1 billion as at August 2018, against an annual budget target of $401 million.

Of this, $238 million went towards command agriculture, $263 million towards vulnerable input support scheme and $505 million to grain procurement.

Ncube, who has been vocal about the need to restructure the programme, told a Press briefing yesterday that government would limit its exposure and play a supporting role instead.

“There is no question that it (command agriculture) has improved the food security situation in Zimbabwe. It has been a success, but what we are saying is that there are players that have been missing in the financing of command agriculture. It is the private sector banks who should begin to fund command agriculture. They have said they want perfection of the 99-year leases and that is a legitimate request which is being attended to. In the interim, we stand ready to give credit guarantees, especially to State-owned banks, for them to extend credit to farmers,” Ncube said.

“The other leg of the private sector are the industrial corporates, who are users of the agriculture commodities. They must get into outgrower schemes. There is a model pout there to copy, so by crowding in the private sector and also ensuring that those that are exporting produce source lines of credit”.In several country reports, the International Monetary Fund has questioned the design and financing of the command agriculture programme, particularly the commitment to buy large quantities of grain at above-market prices, which is not cost-efficient.

Government buys a tonne of maize at a fixed price of $390.

Politically connected businesses such as Sakunda Holdings, which are part of the scheme, have been accused of inflating the price of inputs they provide.

Previous Post

Light showers, warmer temperatures this week

Next Post

Armyworm invades Chipinge

jkm

jkm

Next Post

Armyworm invades Chipinge

Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
THE COMPLETE GUIDE TO GROWING POTATOES IN ZIMBABWE

THE COMPLETE GUIDE TO GROWING POTATOES IN ZIMBABWE

July 17, 2021
Why most of the times farmers will not attain max possible weight of birds in 6 weeks

Requirements for Broiler Contract Growing – Irvines zimbabwe

August 29, 2018
Why most of the times farmers will not attain max possible weight of birds in 6 weeks

What Is The Cost Of Raising Broiler Chicken? 1000 units

March 29, 2021
THE COMPLETE GUIDE TO GROWING POTATOES IN ZIMBABWE

production of Sweet potatoes  as a commercial crop in Zimbabwe

July 27, 2017

How I Traveled The World With Only $100

0

Interview Of Beginner Urban Style Model & Blog Diva

0

Mystery Behind The Xbox Controller

0

The Untapped Gold Mine Of Time That Virtually No One Knows About

0
Govt Introduces Grain Swap Programme

Govt Introduces Grain Swap Programme

April 26, 2022
New farm Inventions : Tom Carnell’s OSR drill

New farm Inventions : Tom Carnell’s OSR drill

April 24, 2022
Opico to sell FarmDroid drilling and weeding robot

Opico to sell FarmDroid drilling and weeding robot

April 24, 2022
FOOD PACKAGING BUSINESS

FOOD PACKAGING BUSINESS

April 20, 2022

Recent News

Govt Introduces Grain Swap Programme

Govt Introduces Grain Swap Programme

April 26, 2022
New farm Inventions : Tom Carnell’s OSR drill

New farm Inventions : Tom Carnell’s OSR drill

April 24, 2022
Opico to sell FarmDroid drilling and weeding robot

Opico to sell FarmDroid drilling and weeding robot

April 24, 2022
FOOD PACKAGING BUSINESS

FOOD PACKAGING BUSINESS

April 20, 2022
Farmers Zimbabwe

© 2021 farmers.co.zw

Navigate Site

  • News
  • Jobs

Follow Us

No Result
View All Result
  • 404 Error, content does not exist anymore
  • Blog Page
  • Cart
  • Checkout
  • Contact Us
  • Farmers.co.zw – Agroalerts Zimbabwe
  • farming in Africa – Agro-business
  • Farming in zimbabwe – AgroAlerts
  • Frequently Asked Questions
  • Home 2
  • Home 3
  • Home 4
  • Home 5
  • Home 6
  • Job Dashboard
  • Jobs
  • My account
  • News
  • Post a Job
  • Privacy Policy
  • Sample Page
  • Sample Page
  • Shop
  • Terms of use
  • WPMS HTML Sitemap

© 2021 farmers.co.zw