Monday, October 14, 2013

Zimbabwe Wants Debt Moratorium for Farmers

Govt wants debt freeze for farmers

October 14, 2013
Tendai Mugabe recently in MUKUMBURA
Zimbabwe Herald

VICE President Joice Mujuru says Government intends to engage banks with a view to freezing debts owed by farmers to enable them to access funding for the 2013/14 cropping season.She said the stop-order loan repayment system should be resuscitated with respect to farmers who delivered grain to the Grain Marketing Board.

VP Mujuru said this in a speech read on her behalf by Mashonaland Central Minister of State for Provincial Affairs Cde Martin Dinha on Saturday at victory celebrations hosted by Mount Darwin North legislator Cde Novet Muponora in Mukumbura.

Addressing questions of food and nutrition, VP Mujuru said:

“That financial institutions (will) be engaged with a view to securing a moratorium for debt repayment by farmers already saddled with debts to the same institutions, to enable them to access funding for the 2013/14 agricultural seasons.”

VP Mujuru said Government, through the District Development Fund, had acquired tractors to bolster rural tillage and the Zunde raMambo facility.

In Mashonaland Central, VP Mujuru said, Government had allocated 40 tractors.

“The tractors will help chiefs, child-headed families, widows and widowers, people living with HIV and war veterans,” she said.

VP Mujuru said Government would soon formulate a law that regulates contract farming, making it mandatory for farmers and contractors to meet their obligations.

Some farmers have been short changed by contractors after signing contracts they do not understand while some farmers were engaging in side marketing.

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