Business
Govt Releases Additional US$10 Million for Grain Payments Ahead of Summer Cropping Season
The Government has disbursed an additional US$10 million to the Grain Marketing Board (GMB) to support payments for farmers who delivered grain during the summer season, bringing total recent payments to US$15 million, officials confirmed.
The latest release was announced by Dr. Edson Badarai during the 22nd ZANU PF Annual National People’s Conference in Mutare on Friday. He said the funding now covers approximately 80% of the total payments owed to farmers in US dollars.
“This payment is critical during this period when farmers are busy preparing for the current season,” said Dr. Badarai, noting that the financial support would help ease input procurement challenges as preparations for the 2025–2026 summer cropping season intensify.
The GMB, which serves as the buyer of last resort, continues to offer a guaranteed market for all grain at the government-set price. Although millers and private buyers are encouraged to procure grain directly from farmers, the Government has pledged to absorb all surplus grain.
Dr. Badarai also commended Agriculture Minister Dr. Anxious Masuka for his role in securing the funding through engagement with the Treasury.
The disbursement forms part of a broader national strategy aimed at accelerating Zimbabwe’s agricultural transformation and ensuring food self-sufficiency. According to the Government, 21 key initiatives are being implemented to support food security and boost production during the summer season.
Meanwhile, the Agricultural and Rural Development Advisory Services has reported that preparations for the cropping season are progressing well across most provinces.
In related developments, the Bankers Association of Zimbabwe has pledged ZIG53 million and US$66.65 million towards financing the upcoming season.
The Government has reiterated its commitment to timely payments to farmers and increased investment in agricultural infrastructure as part of its Vision 2030 economic blueprint.
ALSO READ : Inter-Africa Bus Involved in Accident Near paGumbo — No Fatalities Reported