BMC cuts bonuses to farmers
source: Mmegi
STAFF WRITER
Farmers who supplied the Botswana Meat Commission (BMC) last year will not receive any bonuses because the board has transferred the money to a price stabilisation fund, according the national abattoir’s financial statement for the year ended 31 December 2008.
Another reason for the transfer is to create a bulwark against the impact of the global financial crisis on world beef prices during the course of this year.
In any event, the BMC says it is necessary “to remind farmers that bonus is being distributed upfront to them every time they are paid the good prices currently on offer”.
Meanwhile, the statement says throughput for 2008 was a paltry 113,288 compared to the 171,299 achieved in 2007.
Business was impacted upon by a number of factors, among them outbreaks of [continue reading]
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