Meatco settles cattle producer payments
The Meat Corporation of Namibia (Meatco) has successfully paid N$31 million to cattle producers despite financial strain caused by a recent foot-and-mouth disease outbreak. The company is currently reviewing operating costs to maintain stability while awaiting the lifting of livestock movement restrictions.
Why it matters
This highlights the economic impact of agricultural disease outbreaks on regional food supply chains and the financial resilience of local producers.
Cattle producers have been paid N$31 million by the Meat Corporation of Namibia (Meatco) over the past two weeks, despite disruptions caused by the foot-and-mouth disease outbreak.
The payments were made to farmers who delivered cattle to Meatco’s Windhoek abattoir between 29 August and 11 September.
Meatco interim chief executive Albertus Aochamub says the company has paid producers in full despite financial pressure caused by the outbreak.
The disease which was detected last month has affected livestock movement, cattle sales and access to export markets.
“Producers are at the centre of Meatco’s business, and we deeply appreciate the confidence and partnership they continue to place in us. During difficult times such as these, our responsibility is not only to protect the business but also to do everything reasonably possible to carry our producers with us,” he says.
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