John Deere tractor deal: 525 tractors arrival imminent

By ZBC Reporter
GOVERNMENT will in the next few days start receiving agriculture equipment under the 50 million United States dollar deal signed with global tractor manufacturer, John Deere.
What started as a historic meeting between President Emmerson Mnangagwa and global tractor manufacturer John Deere President in 2018 will in the next few weeks see the country receiving 525 tractors which have now arrived in South Africa from Germany.
A closed-door meeting between John Deere officials headed by its Sub Saharan Africa Managing Director Mr Antois Van der Westhuizen and government officials was held this Wednesday in Harare to finalise the financing mechanisms.
“I have come to expedite the deal so that shipments can start of equipment to Zimbabwe which has arrived in South Africa,” he said.
Director Mechanisation in the Ministry of Lands, Agriculture, Water and Rural Resettlement Mr Rabson Gumbo said they wanted to be on equal terms with their Treasury counterparts with regards to the financing structure.
“We agreed that the first tranche will be of 525 tractors with subsequent tranches of equipment of equipment valued at 3 million US dollars,” he said.
After almost a two decade long hiatus, John Deere re-entered the Zimbabwe market with the coming in of the new dispensation.
The deal will see 1 300 tractors and accessories being delivered for the benefit of local farmers through loans offered by Agribank.