"Farming Is Currently Unprofitable" - Musasiwa's Advice To Would-be Farmers
Kuda Musasiwa, a Zimbabwean entrepreneur, musician, and music producer has said farming is unprofitable in Zimbabwe at the moment.
Musasiwa who is known mostly for having managed Fadzayi Mahere‘s political campaign for Mt Pleasant Member of parliament from 2017 to 2018, said current farmers are unable to sustain their projects.
Musasiwa, also known as Begotten Sun, is also known for founding tech-based businesses Fresh In A Box and Lytee. In a Twitter post, seen by Pindula News, Musasiwa said:
Inbox: hey Kuda, what do you suggest I plant that is on-demand, I want to start a small farming project Answer: Don’t start just yet. All your inputs will be in USD, (and) all off-takers will insist on RTGS payment. You will not manage to sustain your project as none of us is.
With 10k cabbages right now, you MUST sell each cabbage for at least $0.72 Wholesale. Because all inputs in USD have gone up. No retailer will take your cabbages at ZWL$288. So we are now all supplying at below cost. grain or horticulture; farming is currently unprofitable.
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Musasiwa’s remarks come as the farming industry in Zimbabwe is already on a low note.
The farming season 2021/22 was characterised by poor rains and a general decrease in the hectarage for crops planted with tobacco, the country’s major cash crop, declining by 11 per cent, sorghum by 2 per cent, pearl millet by 25 per cent, finger millet by 40 per cent and cotton by 23 per cent.
Some farmers have been finding it difficult to secure inputs as high-interest rates and tough collateral requirements by banks prevented farmers from seeking bank credit. Late payment by the government has also demotivated some farmers who ended up ditching the profession for other lucrative ones.
