Sunday, May 8, 2016

Tobacco Farmers Rake in U.S.$50 Million


Tobacco farmers have raked in nearly U.S.$50 million from the sale of the crop. The new tobacco payment system has resulted in some farmers spending days camped at the auction floors waiting to process their money. This season, the Reserve Bank of Zimbabwe introduced a new payment system where tobacco farmers will no longer get cash as the money will be deposited into their bank accounts.
Farmers at the auction floors complained that the new system had resulted in them staying for a longer period than they used to do when they were getting cash during the past seasons.
Trelawney farmer, Mrs Koshiwayi Gadzikwa said she had been staying at the floors for three days as her money was taking long to reflect in her bank account.
"The process is proving to be long. We have been going to the bank to check if the money is reflecting and we are afraid we may spend the weekend at the floors. We do not have enough money to buy food and we end up incurring huge losses.
"My husband ended up losing his particulars to thieves. We want to go back to the farm and grade our crop," she said. Read More>

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