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K667M RELEASED FOR PAYMENT TO FARMERS

k667m-released-for-payment-to-farmers

By Hector Simfukwe-

Government has released 667 million Kwacha to the Food Reserve Agency -FRA-for outstanding payments to farmers under the 2020/2021 marketing season.

Finance and National Planning Minister SITUMBEKO MUSOKOTWANE says all outstanding payments to farmers for the 2020/2021 season have now been cleared.

Dr. MUSOKOTWANE says today’s action by the Treasury is significant because it represents a policy shift of the UPND Government to prioritise the agriculture sector as it presents the country with the best opportunity to attain growth, especially that the ma
ority of people are dependent on the sector.

He says the sector has a relatively short gestation period with low capital requirements that are necessary to address poverty and vulnerability.

Dr. MUSOKOTWANE says the sector has for a long time faced a number of impediments to the realization of its full potential.

He says these include, the historical delayed payments for grains supplied to the Food Reserve Agency, which impact on the productivity of a subsequent farming season.

This is according to a statement issued to ZNBC news in Lusaka this evening.

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