Government through the 2021 National Budget, allocated the agricultural sector ZWL$46.3 billion towards supporting the sector.
This is in addition to the ZWL$6.1 billion provided under the ZWL$18.2 billion Stimulus Package towards stimulating agricultural production.
The Second Republic has launched a number of initiatives to improve farming activities like the Pfumvudza Farming scheme which involves the utilization of small pieces of land and applying the correct agronomic practices for higher returns.
Government support is being complemented by the private sector and individual farmer initiatives as well as development partner support.
Speaking at the 2021 National Budget presentation, Finance and Economic Development Minister Mthuli Ncube said agriculture remains central not only in driving economic growth but also in powering the industrialisation and value chains strategy.
“Starting with the 2021 National Budget, the target is to increase agriculture output to US$8.2 billion by 2025 and accordingly, ZWL$46.3 billion has been allocated to Ministry of Lands, Agriculture, Water, Climate and Rural Resettlement,” he said.
Interventions in the agriculture sector are informed by the Agriculture and Food Systems Transformation Strategy, whose particular objective is to transform the farmer mindset from subsistence orientation to taking farming as a business.
For the forthcoming and subsequent agriculture seasons, four factors, among others, are imperative and these are accessible and timely financing arrangements; mitigating against climatic change; guaranteeing viability and competitiveness of farming business, and protecting the environment for sustainability of the sector.
“Consequently, for the 2020/21 farming season, a contract equivalent to US$253 million has been signed with local banks to support commercial farmers, and Government is providing guarantees on a case by case basis.
“Starting with the 2021 National Budget, the target is to increase agriculture output to US$8.2 billion by 2025 and accordingly, ZWL$46.3 billion has been allocated to Ministry of Lands, Agriculture, Water, Climate and Rural Resettlement,” Ncube said.
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