Sugar company bosses decided to hand out huge cash bonuses to thousands of farmers across Masindi district. Kinyara Sugar Limited promised to deliver 17 billion shillings worth of extra payments during the next few weeks. The money goes to growers who sold their crops at lower prices during the past farming season. Company officials met with farmer representatives to hammer out the final deal last month. Everyone agreed the fair price should be 131,500 shillings per metric ton.
Farmers who received less money earlier will see their bank accounts boosted with the difference. Some growers will pocket an extra 23,500 shillings per ton depending on when they sold their sugarcane. The sugar factory works with more than 7,500 registered farmers who provide most of the raw materials. These growers supply over half of all the sugarcane that gets processed at the facility. Company leaders plan to finish all the bonus payments within 40 days.
The sugar mill can crush 10,000 tons of cane every day but currently handles about 6,000 tons. Factory managers set the starting price for next season at 128,000 shillings per metric ton. Farmer association leaders praised the agreement as fair for both sides. Local government officials also welcomed the peaceful resolution between the company and growers. The payment system helps farmers feel confident about continuing their business relationship with the sugar factory.
Farmers who received less money earlier will see their bank accounts boosted with the difference. Some growers will pocket an extra 23,500 shillings per ton depending on when they sold their sugarcane. The sugar factory works with more than 7,500 registered farmers who provide most of the raw materials. These growers supply over half of all the sugarcane that gets processed at the facility. Company leaders plan to finish all the bonus payments within 40 days.
The sugar mill can crush 10,000 tons of cane every day but currently handles about 6,000 tons. Factory managers set the starting price for next season at 128,000 shillings per metric ton. Farmer association leaders praised the agreement as fair for both sides. Local government officials also welcomed the peaceful resolution between the company and growers. The payment system helps farmers feel confident about continuing their business relationship with the sugar factory.
