Improved Access to Credit for Farmers through Registered Contracts

TLDR

• According to her, COPRA sets the minimum buying price after assessing production costs and prevailing market conditions to ensure farmers receive between 75 and 80 per cent of the final market value of their produce.
• She added that registered contracts improve farmers’ access to credit from financial institutions and development partners while encouraging the production of quality crops that meet domestic and export market standards.
• DODOMA: FARMERS and produce traders have been urged to embrace formal contract farming as the government moves to protect producers from exploitation, strengthen market access and eliminate losses associated with.
• The Tanzania Cereals and Other Produce Regulatory Authority (COPRA) said all contract farming agreements must now be registered under newly operational regulations to ensure legal protection for both farmers and buyers.