–Only 1 cent of USAID funds gets to beneficiaries, 99 cents go back to the US
I had just finished reading John Perkins’s New Confessions of an economic hitman when I read the story that the United States Agency for International Development had pledged US$19.8 million for a new Feed the Future programme in Zimbabwe called Fostering Agribusiness for Resilient Markets (FARM).
The five–year contract had been awarded to Chemonics International, a Washington-DC based company, and the programme would focus on Manicaland and Masvingo.
“FARM builds on the work of Feed the Future Zimbabwe-Crop Development, Feed the Future-Livestock Development, and USAID’s Food for Peace Development food security activities, which will allow FARM to start quickly,” a statement released by the United States embassy in Harare said.
USAID’s Feed the Future Crop Development activity reached 30 000 farmers in 2019 who sold crops valued at US$7.47 million, the statement said.
In addition, the Feed the Future Livestock Development activity reached over 4 000 smallholder livestock farmers whose average annual household net income increased significantly, it said.
“The average net income for beef producing households increased by 45 percent to US$986 a year, while the average net income for dairy producing households increased by 35 percent to US$2 589 a year,” the statement said.
“Over the past four years, participating farmers sold cops and livestock valued at over US$45.75 million.”
These increased incomes had a major impact on the beneficiaries, allowing them to provide for their families while improving household nutrition, and building overall resilience, according to the statement.
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