The 30 percent tobacco retention prescribed in the monetary policy by the Reserve Bank of Zimbabwe will go a long way towards recapitalising farmers and enable them to import equipment, raw materials and boost quality and quantity of tobacco.
Cde Edson Makina is one example of a beneficiary of the land reform programme who transformed his farm into a tobacco hub.
From growing 10 hectares in the early stage of the land reform programme, the farmer up-scaled his production to over 100 hectares and is this year expecting over 240 000 kilogrammes of the gold leaf.
ZBC News caught up with the farmer at his farm in Seke District to get his analysis on the 2019 monetary policy which provides 30 percent foreign currency retention for tobacco farmers.
Makina advised tobacco farmers to take advantage of the retention to mechanise their farmers and transform them into viable entities.
The veteran farmer who was featured in the American Forbes Magazine in 2008 as the best Zimbabwe tobacco producer since the inception of the land reform, expressed confidence that tobacco will hit the $1.5 billion dollar mark in exports this year if the new 30 percent retention is properly implemented.