Government pays out $43m to white farmers

Source: Government pays out $43m to white farmers | The Herald

Bulawayo Bureau
Government has spent nearly $43 million compensating white commercial farmers whose farms were acquired during the country’s land reform programme. Presenting the Mid-Term Policy review Thursday, the Minister of Finance and Economic Development, Patrick Chinamasa, said despite the economic challenges facing the country, the Government had made strides towards compensating the farmers.

“To date, $42.7 million has been paid out for 43 farms, notwithstanding fiscal constraints being faced by Government. “Government is expediting mapping and valuation of improvements on farms acquired under the Land Reform Programme so that it can compensate the farmers,” he said.

The Minister said land rentals and levies paid by beneficiaries of the land reform programme were some of the resources that will be used to compensate farmers. Minister Chinamasa said new farmers had paid $1,6 million in land rentals and $315 000 in development levies by end of last month.

He hailed farmers for their commitment to paying rentals and levies.

The move to compensate farmers comes at a time when the Government is engaging international partners to source funding for the agricultural sector.

The Government recently launched the $500 million command agriculture initiative to boost production.

COMMENTS

WORDPRESS: 4
  • comment-avatar
    Joe Cool 6 years ago

    It’s a good idea to avoid taking note of any number printed in the Herald. Better to fabricate your own, which will be more realistic.

  • comment-avatar

    absolute bullsh!t.

    nobody with any sense believes a word the “harald” publishes. they’re just a lying mouthpiece for their ‘kleptocratic’ masters…

  • comment-avatar
    Doris 6 years ago

    Desperate farmers taking a pittance for a once viable farm, in dire straits. E.g. One export citrus farm with state of the art equipment in a multi million dollar packshed is valued at 20 million. Makes a mockery of the 43 million which is supposed to have been paid already. Pathetic.

  • comment-avatar

    Just another ploy and a devious sleuth of hand to trick the west into putting some coppers into the begging bowl!
    School boy mathematics – 3,000 properties and assets of say 1 mln a piece is 3bln, times that by 5 =’s 15 bln and we could go on.
    43 mln is drop in the ocean and nothing short of a kick in the groin! Stay hungry.