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TREASURY RELEASES K667m FOR FARMERS

The Treasury has released K667 million to the Food Reserve Agency (FRA) for outstanding
payments to farmers under the 2020/2021 marketing season.
In a statement, Finance Minister Dr. Situmbeko Musokotwane said the action represents the
UPND’s shift to prioritise the agriculture sector.
“…it presents us the best opportunity to attain growth, especially that the majority of our people,
about 80 percent, are dependent on it, “ Dr. Musokotwane said.
The Minister explained that the agriculture sector has a relatively short gestation period with low
capital requirements that are necessary to address poverty and vulnerability.
He said the sector has for a long time faced a number of impediments to realise its full potential.
“These include, the historical delayed payments for grains supplied to FRA, which impact on the
productivity of a subsequent farming season. Gladly the matter has substantially been dealt with
this month so that our farmers could focus on their fields instaed of chasing their payments,” he
added.
Dr. Musokotwane urged competent authorities in charge to ensure that a transparent payment
system is deployed in paying farmers.

Written by Joseph

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