Deere Signs Deal with Government of Zimbabwe

John Deere has agreed to a deal with the government of Zimbabwe to sell the country 1,300 farm tractors valued at about $50 million. The tractors will be distributed to farmers on loan through Agribank. A Zimbabwean government official said the tractors will help farmers boost production and be competitive.

The country has 4.1 million hectares of arable land, with one million hectares under animal and manual draught [draft] power. The area under motorized draught power is 500,000 hectares, leaving the
area requiring farm mechanization on 2.8 million hectares.

Source: The Herald