GMB pays grain farmers over US$5m

GMB has received US$5 million and ZiG60 million (US$2 378 817) from Treasury over the past two weeks to settle farmers' outstanding balancehas received US$5 million and ZiG60 million (US$2 378 817) from Treasury over the past two weeks to settle farmers' outstanding balances

Edgar Vhera

Specialist Writer – Agribusiness

THE Grain Marketing Board (GMB) has received US$5 million and ZiG60 million (US$2 378 817) from Treasury over the past two weeks to settle farmers’ outstanding balance ahead of the upcoming marketing and winter cropping season.

The parastatal confirmed the development on the board’s X post on Wednesday.

“GMB is delighted to announce receipt of ZiG60 million and US$5 million from the Treasury, representing consecutive disbursements over the past two weeks, for timely payments to farmers.

“This brings total cumulative payments for wheat deliveries to ZiG50 million and US$30 million,” said GMB.

GMB said the funding brought the much-needed relief to farmers.

“The support underscores the Government’s steadfast commitment to agriculture, a key sector driving Zimbabwe’s economy. GMB remains dedicated to partnering with farmers to achieve national grain self-sufficiency,” said the parastatal.