Cabinet has approved a $300 million-dollar livestock support programme.
The programme which is set to benefit livestock farmers from all sectors is expected to run for between 3 and 5years.
“This is the time for A2 farmers in livestock to make a contribution towards the economy,” said Agriculture, Mechanisation and Irrigation Development Minister, Dr Joseph Made.
Dr Made also said, “The programme will boost crop production for stockfeeds, resuscitating the leather industry, and production of blood and bone meal which the country is currently supporting,”
Covering all aspects of livestock, the fund will also go towards foot-and-mouth disease fences, resuscitating and establishment of dip tanks, watering points and livestock infrastructure.
The Zimbabwe Farmers’ Union welcomes this development as it will have a positive impact to the sector.
“We welcome this development as it is a form of value chain finance model, which is exactly what our farmers need,” said ZFU Commodities Officer, Simbarashe Muchena.
“Most of our farmers did not have access to affordable funding for inputs and infrastructural development so that they can increase production and productivity. The programme will avail finances at a cheaper cost as the government will not accept funding which is above 4% interest and the program is also guaranteeing markets for farmers’ produce,” he said.