Reply to thread

Message: [QUOTE="Nehanda, post: 23854, member: 2262"] Zimbabwe Sets Grain Prices, Farmers Await Tobacco Season Details. The Grain Marketing Board has set maize and traditional grain prices at US$335 per tonne. Though farmers welcome the price, many say the late announcement limited their planning options. Pre-planting prices help farmers decide what crops to grow and how much land to use. These early figures let them estimate costs and profits before the season starts. Banks often consider these prices when approving farm loans. Several farmers reported they might have planted more traditional grains had they known the prices earlier. The Board has yet to announce how payments will be split between US dollars and Zimbabwe's new ZiG currency, creating uncertainty for producers. As the 2025 tobacco season approaches, growers await key details about market opening dates and payment structures. A major concern centers on the ratio of foreign to local currency payments. Recent seasons saw farmers receive earnings in both currencies, helping them pay US dollar-based service providers. Tobacco remains crucial to Zimbabwe's economy. The crop brings foreign currency into the country and boosts financial liquidity across various sectors. Many industries, even those not directly involved in farming, benefit from tobacco-generated foreign exchange. The Reserve Bank of Zimbabwe plans to announce currency retention rates for both maize and tobacco harvests. This information matters for self-funded farmers and those under government support programs. Clear payment terms help all producers budget for future seasons. Zimbabwe's emphasis on business-minded farming has transformed many growers into entrepreneurs. They seek to maximize opportunities and diversify income streams. Early price information enables better financial planning. Global tobacco production has declined due to climate challenges. If market conditions remain stable, this situation could benefit Zimbabwean farmers. Producers can estimate potential earnings based on their crop quality. [/QUOTE]

Name