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Zimbabwe is stepping up efforts to reduce a US$2 billion agricultural import bill through local food and inputs production as the Government moves to strengthen domestic value chains and accelerate the transformation of the agriculture sector.

The localisation drive will take centre stage at the National Agriculture Conference and Expo (NACE) 2026, which will be held from September 24 to 25 in Harare.

The Ministry of Agriculture, Mechanisation and Water Resources Development is convening the conference, in partnership with the Agricultural Marketing Authority (AMA) and Africa Economic Development Strategies (AEDS).

Instead of focusing solely on increasing agricultural output, the conference is expected to place greater emphasis on keeping more value within the domestic economy through local production, processing and manufacturing.

This comes as the country is implementing the Agriculture, Food Systems and Rural Transformation Strategy, which seeks to grow the agriculture sector into a US$15,8 billion economy by 2030.

The sector has already grown significantly under the first phase of the transformation strategy, with its value increasing from US$5,2 billion in 2019 to US$10,3 billion in 2024.

Despite the growth, Zimbabwe continues to rely heavily on imported agricultural inputs and selected food products, while local processing capacity remains inadequate in several key value chains.

Farmers are also exposed to climate-related shocks, including droughts associated with El Niño. At the same time, access to affordable and long-term capital remains a major constraint to investment in production and agro-processing.

“The localisation strategy therefore seeks to address the supply-side constraints that continue to drive imports, while creating opportunities for domestic producers, processors and manufacturers,” AEDS said in a statement.

The two-day conference will bring together Government officials, financiers, development partners, agro – processors and farmer organisations to explore ways of unlocking investment and strengthening linkages across the agricultural economy.

One of the key areas of focus will be the operationalisation of the “Dam as an Economy” concept, which seeks to turn Zimbabwe’s major water bodies into productive economic centres.

Under the approach, dams would support integrated economic activities including irrigation, livestock production and cage fisheries, create multiple revenue streams while improving food production and rural livelihoods.

The conference will also feature the presentation and validation of the State of the Agriculture Sector and 2027 Outlook Report, prepared by AEDS.

The report is expected to provide an assessment of the sector’s current performance and prospects while identifying emerging risks and investment opportunities.

As Zimbabwe’s agricultural sector prepares for the 2026/27 farming season amid climate uncertainties, climate resilience and smart agriculture will feature prominently at the upcoming National Agriculture Conference and Expo (NACE 2026).

Stakeholders convening at the high-level event will deliberate on practical measures aimed at protecting food production against changing weather patterns and potential El Niño shocks.

Organised by the Ministry of Agriculture, Mechanisation and Water Resources Development in partnership with the Agricultural Marketing Authority and Africa Economic Development Strategies, NACE 2026 will run from September 24 to 25 at the Diamond Conference Centre at the University of Zimbabwe.

With forecasts pointing to the possibility of El Niño-induced dry conditions, attention is increasingly turning to farming methods that can help producers minimise risk and maintain productivity despite climate-related challenges.

The conference will place a spotlight on climate resilience and smart agriculture, one of the key pillars aimed at ensuring sustainable agricultural growth while protecting farmers from the impact of droughts and erratic rainfall.

Speaking on accelerated climate-smart production, Permanent Secretary in the Ministry of Lands, Agriculture, Fisheries, Water and Rural Development, Professor Obert Jiri, urged farmers to make production decisions that take climate forecasts into account.

“Farmers should consider drought-tolerant crop varieties, including traditional grains and early-maturing seed, while embracing conservation farming practices and efficient irrigation where resources permit. The decisions made before planting will have a direct impact on the harvest,” he said.

Discussions at NACE are expected to focus on how farmers, agribusinesses, researchers and policymakers can work together to accelerate the adoption of climate -smart technologies and sustainable production systems.

Irrigation development, improved water management, conservation agriculture and access to climate information services are among the interventions seen as critical in helping farmers adapt to changing weather conditions.

The conference will also explore investment opportunities arising from the transition towards climate-smart agriculture.

These include irrigation equipment, drought-resistant seed varieties, water-harvesting technologies and digital solutions that help farmers make informed decisions based on weather and market information.

For Zimbabwe, where agriculture remains a major contributor to economic activity and rural livelihoods, building resilience against climate-related risks has become increasingly important.

Stakeholders argue that improving the sector’s capacity to respond to adverse weather conditions will be key to sustaining production, enhancing food security and supporting broader economic growth.

As preparations for the upcoming agriculture season gather momentum, NACE is expected to provide a platform for stakeholders to exchange ideas and solutions that can help farmers navigate the realities of a changing climate while maintaining productivity and profitability.

An International Monetary Fund (IMF) mission is in Zimbabwe to conduct the second review of the country’s Staff Monitored Programme (SMP), initiating a 10-day evaluation focused on macroeconomic stability, structural policy execution, and broader fiscal management.

The delegation, led by IMF Mission Chief for Zimbabwe Wojciech Maliszewski, began its work with a courtesy call on the Minister of Finance, Economic Development and Investment Promotion, Professor Mthuli Ncube, in Harare.

The mission is scheduled to run from September 7 through September 16, 2026.

Throughout the visit, the IMF team is slated to hold consultative sessions with a broad spectrum of stakeholders, including key government officials, private sector leaders, international development partners, and representatives from civil society organisations.

Initial talks between Treasury officials and the Fund focused on evaluating Zimbabwe’s broader macroeconomic performance.

Government representatives noted that the national economy remains on track to achieve its projected 5% real growth target for 2026, driven by strong revenue performance and contained domestic inflation.

Treasury highlighted that government revenue collections have consistently exceeded targets, providing additional fiscal buffer room to cushion the domestic economy from external pressures, including sustained global fuel price volatility.

On the expenditure side, officials reported that public spending has stayed within tighter limits than originally anticipated, allowing the state to maintain budget discipline while continuing to direct funds toward essential national programs.

The mission engagement also put a strong emphasis on accelerating social spending to protect vulnerable communities.

While acknowledging the priority given to social protection under the SMP, the IMF called on authorities to resolve operational bottlenecks, specifically emphasising the need to clear outstanding audit requirements so that budgeted support reaches its intended beneficiaries effectively.

Minister Ncube updated the delegation on progress regarding the country’s sovereign debt restructuring efforts.

He noted that ongoing engagements with bilateral and multilateral partners have yielded positive commitments to assist Zimbabwe, a step intended to relieve debt-servicing burdens and generate additional room for fiscal maneuverability.

Discussions during the review are set to cover foreign exchange market reforms, notably the technical development of a new foreign-exchange trading platform in collaboration with the World Bank.

Other policy priorities on the agenda include Public Finance Management reforms, the full implementation of a Treasury Single Account, subsidy rationalisation, monetary policy alignment, governance enhancements, and preliminary preparations for the 2027 National Budget.

The IMF acknowledged the structural progress achieved so far and encouraged Zimbabwean authorities to sustain policy momentum under the SMP as the nation prepares for deeper financial re-engagement with the international community.

Zimbabwe is moving to eliminate its agricultural import bill by US$2 billion through the launch of a transformative localisation strategy, a primary deliverable anchoring the upcoming National Agriculture Conference and Expo (NACE) 2026.

The conference, scheduled for September 24 and 25, is organised by the Ministry of Agriculture, Mechanisation and Water Resources Development in partnership with the Agricultural Marketing Authority, Africa Economic Development Strategies and Buy Zimbabwe.

The high-level gathering will focus on twin strategic outputs designed to transform the national agricultural landscape.

Alongside the import substitution roadmap, stakeholders will develop a transformative strategy to position Zimbabwe as a regional food hub.

The policy thrust comes as the agricultural sector has grown significantly under the Agriculture, Food Systems and Rural Transformation Strategy 1 (AFSRTS), expanding its gross value from US$5,2 billion in 2019 to US$10,3 billion in 2024.

Recent performance highlights include record-breaking wheat harvests that surpassed national consumption requirements, an expansion in total irrigated land from 151 000 to 233 000 hectares, gains across the dairy and livestock value chains, and total cereal production reaching nearly 2,9 million tonnes.

Despite the operational gains, the sector remains exposed to climate shocks and structural bottlenecks, having contracted by an estimated 12% in 2024 following an El Niño-induced drought.

Persistent vulnerabilities such as low productivity, land degradation, limited access to commercial financing, weak value chain integration, and infrastructure deficits continue to impede sustained expansion.

To address these vulnerabilities under AFSRTS Phase 2 (2026–2030), the conference will serve as a structured interface between the public sector, commercial banks, private agribusinesses, development finance institutions, and smallholder farmer networks.

Key deliverables on the agenda include the formal presentation and validation of the State of the Agricultural Sector Study.

The event will convene stakeholders across 12 sub-sectors, including crop farming, livestock and dairy, agro-processing, irrigation systems, agri-tech and risk management.

Through evidence-based policy dialogues and structured B2B investment forums, the summit aims to unlock private capital, de-risk primary agriculture, and accelerate local agro-industrial dominance.

The World Bank has called on Zimbabwe to implement decisive structural reforms, warning that a failure to transform the economy will keep gross domestic product (GDP) growth at an average of just 4% through 2030.

According to the latest World Bank Country Growth and Jobs Report, recent macroeconomic stabilisation, including local currency inflation falling to single digits in early 2026 for the first time since 1997, has opened a crucial window of opportunity.

“In 2026, Zimbabwe finds itself at an important inflection point,” the report stated.  “Owing to greater fiscal and monetary discipline, annual local currency inflation declined to single digits throughout the first half of 2026… The task now is to turn that stability into shared prosperity.”

The Bretton Woods institution said Zimbabwe will not reach upper-middle-income status until 2036, six years behind its Vision 2030 goal without structural change.

“Much of this shortfall stems from constraints that are addressable: infrastructure gaps that undermine productivity across sectors and a regulatory and institutional environment that discourages private sector development and investment,” the World Bank said.

If implemented as envisaged, the World Bank said Zimbabwe will be on track for upper-middle-income status by 2030, adding that “sustaining this pace and consistency will be critical, as any slippage in implementation would push this milestone further out.”

Under a business-as-usual scenario, economic expansion remains constrained by low productivity and deep-rooted structural bottlenecks.

The report highlighted that four in five jobs in Zimbabwe remain informal, median monthly wages stand at US$130, and nearly half the population continues to live below the international poverty line.

To bridge the gap, the World Bank outlines a framework anchored in macroeconomic stability and debt sustainability as preconditions.

The institution said there is need to prioritise reliable energy access, transport corridors, and climate-resilient agricultural infrastructure.

The World Bank also called for streamlining business permits, trade facilitation, and tax policies to lower costs for formal operations and strengthening land tenure, commercial justice, and financial depth to unlock domestic and foreign capital.

Econometric modelling from the report indicates that full implementation of these reforms could boost real GDP by 10.7 percent relative to the baseline by 2030 and by 26.9% by 2040.

Additionally, real wages could rise by over 30% by 2040, generating 2.7 million more and better-paid job equivalents.

“The returns to this agenda are large,” the report said. “Full implementation of these reforms could meaningfully accelerate GDP growth and generate substantially more, better-paid jobs… putting the country on track to reach upper-middle-income status by 2030.”

The report highlighted that consolidating macroeconomic stability, clearing multilateral debt arrears with institutions like the World Bank, African Development Bank, and European Investment Bank, and maintaining fiscal discipline remain critical immediate steps to catalyse the necessary concessional and private capital investments.

Zimbabwe’s drive toward comprehensive agricultural transformation is increasingly anchored on establishing a robust financial architecture capable of funding both smallholder and commercial farming operations.

The critical role of agricultural financing models, their effectiveness, and persistent funding gaps are set to dominate deliberations among key stakeholders at the upcoming National Agriculture Conference and Expo (NACE) 2026.

The high-level conference will bring together policymakers, commercial financiers, development partners, and farmers to address long-term capital challenges across the value chain.

The government has identified structured agricultural financing as an essential catalyst for meeting national production goals, including placing one million hectares under cultivation, while accelerating climate resilience and national food security objectives.

Speaking on the country’s agricultural financing framework, Permanent Secretary in the Ministry of Agriculture, Mechanisation and Water Resources Development Professor Obert Jiri said that the third pillar of the agricultural strategy focuses specifically on mobilising and structuring funding for Pfumvudza/Intwasa and commercial farming operations, while responding to emerging climate-related challenges.

With droughts becoming more frequent and severe, financing models are being adjusted to accommodate climate-smart interventions.

These include increased support for soil liming, revised fertiliser application rates tailored to prevailing conditions, and the introduction of hydrogel technology in areas where moisture conservation is critical.

An adjusted Pfumvudza/Intwasa budget has already been developed to ensure smallholder farmers receive adequate support ahead of the upcoming season.

The programme continues to play a central role in boosting household food production and national grain output.

For commercial farmers, funding is being channelled through the National Agriculture Enhanced Programme, backed by leading financial institutions including AFC Commercial Bank, CBZ Bank, and NMB Bank.

The financing arrangements are designed to improve access to capital for crop and livestock production while ensuring farmers can invest in productivity-enhancing technologies.

The government is also expanding collaboration with the private sector to bridge financing gaps that have traditionally constrained agricultural growth.

This public-private partnership approach is expected to unlock additional capital, improve contract farming arrangements, and strengthen value chain financing.

At the centre of these efforts is the Agricultural and Rural Development Authority (ARDA), which the government is capacitating to serve as the country’s strategic food security agent.

ARDA has set an ambitious target of producing cereals on 100,000 hectares during the forthcoming agricultural season.

To meet this objective, ARDA is working closely with contractors, financiers and technical partners to secure inputs, mechanisation services and production financing.

Government officials say these arrangements are being monitored on a weekly basis to ensure funds are disbursed on time and production milestones are achieved.

These developments align directly with one of the major themes at this year’s National Agriculture Conference and Expo, where delegates will participate in a high-level panel discussion on Agricultural Financing Models, Effectiveness and Financing Gaps.

The session is expected to examine how existing financing mechanisms are performing, assess the accessibility of funding across different farming categories, and explore innovative solutions to close persistent financing gaps.

Discussions are also likely to focus on climate-smart financing, blended finance models, risk-sharing mechanisms, and strategies to attract greater private sector investment into agriculture.

Zimbabwe’s beverages industry is set for a fresh wave of investment as Varun Beverages Zimbabwe prepares to launch Carlsberg beer on the local market this month, before moving into domestic production in 2027.

The first phase of the agreement will begin on September 20, when Varun starts importing and distributing Carlsberg products in Zimbabwe.

The distribution launch is expected to lay the foundation for a much larger investment, with Varun committing US$250 million towards establishing a beer manufacturing plant in partnership with Carlsberg.

The project could transform the partnership from a distribution arrangement into one of the country’s more significant new investments in the beverage manufacturing sector.

Varun Beverages Zimbabwe chief executive officer Vijay Kumar Bahl said the company was well placed to take the global brand into the local market because of the distribution network it had developed through its existing operations.

“Over the years, Varun Beverages Zimbabwe has built a strong, multi-layered route-to-market and distribution network, supported by people, infrastructure and execution capabilities reaching customers across the country,” Bahl said.

“We now look forward to putting that distribution strength behind a globally recognised beer brand and bringing it closer to Zimbabwean consumers.”

The company has already established itself in Zimbabwe’s soft drinks manufacturing industry, making the Carlsberg partnership a significant expansion into beer.

The September launch will initially rely on imported beer, while Varun works towards completing its local manufacturing facility.

Local production is expected to commence in 2027, marking the second phase of the agreement and potentially changing the economic impact of the project.

Bahl had previously confirmed that manufacturing would form the next stage of the partnership.

“Varun Beverages Ltd signed a sale and distribution agreement for beer with Carlsberg for Africa, including Zimbabwe as the first phase,” he said.

“In the second phase, the manufacturing will be done in Zimbabwe with the successful launch of beer in the local market.”

The shift towards local production is particularly significant as government continues to promote industrialisation, import substitution and greater utilisation of domestic production capacity.

Instead of relying permanently on imported beer, local manufacturing would create opportunities for Zimbabwean suppliers across the production chain.

The planned brewery is expected to generate at least 2 500 jobs, while creating additional opportunities in logistics, agriculture, packaging, distribution and other supporting industries.

The project could also stimulate demand for agricultural commodities such as maize and sorghum, which are important inputs in brewing.

Fruit producers could also benefit as the local beverages value chain expands, potentially creating new markets for agricultural output.

Economist Stephen Chifamba said the partnership could help strengthen Zimbabwe’s position as a regional manufacturing centre.

“Varun’s partnership with Carlsberg could attract further international interest in Zimbabwe’s beverages industry, reinforcing the country’s position as a regional manufacturing hub for Southern Africa,” he said.

This regional dimension could become increasingly important once the brewery is operational.

With Zimbabwe serving as Varun’s existing manufacturing and distribution base for soft drinks, the addition of beer production could provide the company with a broader platform from which to serve neighbouring markets.

The investment also comes at a time when Zimbabwe is seeking to increase domestic production and reduce dependence on imported finished goods.

For consumers, the immediate impact will be the arrival of Carlsberg through the September distribution launch.

For the economy, however, the more important development could be the eventual shift from importing the product to manufacturing it locally.

The September 20 launch will thus represent only the beginning of the partnership’s economic footprint.

If the planned 2027 manufacturing phase proceeds as envisaged, the US$250 million investment could support employment, supplier development, agricultural production and export-oriented manufacturing.

It could also intensify competition in Zimbabwe’s beer market, where Delta Corporation has long held the leading position.

Varun’s entry into beer therefore represents more than an expansion of its product portfolio. It signals an attempt to build a broader beverages manufacturing ecosystem, with the potential to connect global brands, local production and regional exports.

The first phase begins with imports and distribution this month. The bigger economic story will be whether that foundation successfully evolves into local production in 2027.

Minister of Finance, Economic Development and Investment Promotion Professor Mthuli Ncube says Zimbabwe’s gross domestic product has expanded past US$66 billion, creating an urgent imperative for the national tax collector to scale up domestic revenue collection.

Speaking at the Zimbabwe Revenue Authority (ZIMRA) Silver Jubilee Anniversary, Ncube said the ongoing structural growth of the economy requires a proportional expansion of the country’s tax base to sustain national development programs.

“Today, Zimbabwe is a US$66 billion-plus economy and continues to grow. As our economy expands, ZIMRA must rise with it,” Ncube said during his guest of honour address marking 25 years of the tax authority.

“A growing economy must produce a growing revenue base, because a stronger revenue base gives government greater capacity to finance national priorities and development.”

Ncube highlighted that the expansion of the economy from its 2001 levels when ZIMRA was founded reflects a broader, more complex macroeconomic environment.

He noted that domestic resource mobilisation has become a critical mechanism for preserving national economic sovereignty, particularly given the present global financial landscape.

“This is the deeper meaning of domestic resource mobilisation. It is about economic sovereignty, fiscal resilience and our capacity, as a nation, to finance our own development,” Ncube said.

He added that domestic revenue collection is crucial “at a time when many developing countries, including Zimbabwe, face constrained access to affordable international financing, rising financing costs and a shrinking pool of development assistance.”

To align revenue collection with economic output, the Treasury has set a formal target to raise Zimbabwe’s tax-to-GDP ratio to 22% by 2030.

Ncube directed ZIMRA to broaden its tax base, strengthen compliance, curb revenue leakages, and simplify administrative procedures to meet the standard.

“Our ambition is to raise the tax-to-GDP ratio to 22% by 2030, consistent with our national development objectives and regional convergence ambitions. That is the standard against which the next phase of ZIMRA’s journey must be measured,” Ncube said.

The Minister emphasised that the growth of the tax base depends on multi-agency enforcement and border security to combat financial crimes and illicit cross-border flows.

“The nature of smuggling, corruption, illicit financial flows and other forms of economic crime is becoming increasingly sophisticated. Our response must, therefore, be equally coordinated, intelligence-led and technology-enabled,” Ncube said, calling for enhanced cooperation among security agencies, government ministries, and the tax authority.

Zimbabwe’s trade surplus surged by 34.1% to reach US$320.6 million in July 2026, up from US$239.1 million recorded in June 2026, according to the latest data from the Zimbabwe National Statistics Agency (ZimStat).

The country’s exports amounted to US$1.47 billion in July 2026, an increase of 1.9% from the June 2026 value of US$1.44 billion.

ZimStat said imports for the month totalled US$1.15 billion, which was 4.5% less than the June 2026 imports of US$1.20 billion.

Extractive industry products dominated the country’s export basket during the month, with semi-manufactured gold leading at 34.1% of total export value.

Unspecified mineral substances accounted for 21.7%, while nickel mattes comprised 13.5%. Other notable exports included nickel ores and concentrates at 8.2%, partly or wholly stemmed tobacco at 3.9%, and ferro-chromium at 2.2%.

The United Arab Emirates emerged as Zimbabwe’s primary export destination in July 2026, absorbing US$535.2 million worth of goods.

China followed as the second-largest destination with US$466.8 million, while South Africa accounted for US$316.4 million.

Together, ZimStat said these three trading partners accounted for approximately 90% of the total export value for the month.

On the import side, ZimStat said mineral fuels and oil products represented the single largest category, accounting for 22.5% of the total import bill.

Capital goods and industrial inputs also featured heavily, with machinery and mechanical appliances constituting 14.5%, vehicles representing 6.5%, and electrical machinery and equipment comprising 6.4%. Iron and steel products made up 5.0%, while fertilisers accounted for 4.4% of total imports.

South Africa maintained its position as Zimbabwe’s major source of imports, supplying US$398.6 million worth of goods in July 2026.

Imports from China stood at US$221.1 million, followed by Bahrain at US$76.2 million and Mozambique at US$51.2 million.

Collectively, these four source markets supplied 65% of the country’s total imports during the review period.

Regional trade patterns showed that nickel mattes dominated exports to the Southern African Development Community (SADC) and the African Continental Free Trade Area (AfCFTA), accounting for 53.6% and 53.3% of shipments to those respective markets.

For trade with the Common Market for Eastern and Southern Africa (COMESA), iron and steel products formed the leading export category at 30.6%.

Exports to the European Union (EU) totaled US$36.0 million, anchored predominantly by partly or wholly stemmed tobacco at 48% and ferro-chromium at 34.4%.

Zimbabwe’s growing dam economy is set to take centre stage at the upcoming National Agriculture Conference and Expo (NACE 2026), as policymakers and investors prioritise water infrastructure as a critical catalyst for economic growth and climate resilience.

The conference, hosted by the Ministry of Agriculture, Mechanisation and Water Resources Development, the Agricultural Marketing Authority, and Africa Economic Development Strategies, will focus on leveraging the country’s water bodies to boost cereal production, expand irrigation, and unlock high-value commercial sub-sectors.

Government officials, financial institutions, and agricultural experts attending the event will discuss strategies to scale up the dam economy’s core pillars.

These include converting underutilised dams into operational irrigation business units, expanding cage fisheries, securing livestock and domestic water supplies, and integrating hydro-energy generation.

According to the latest update from the Zimbabwe National Water Authority (ZINWA), national dam storage levels averaged 87.2% as of August 27, 2026, a slight decline from 87.7% recorded a week earlier.

However, the current levels remain well above the long-term average of 66.2% expected for this time of the year and higher than the 80.9% recorded during the same period in 2025.

The favourable water situation highlights the strategic value of dam infrastructure in supporting Zimbabwe’s agriculture-based economy, particularly as climate change continues to increase weather-related uncertainties.

Water infrastructure, including dams, irrigation networks, and water-harvesting systems, will feature as a central priority at the National Agriculture Conference and Expo, as stakeholders target water security to drive food production and industrial expansion.

The country’s water reserves are expected to cushion farmers against potential dry spells associated with El Niño, ensuring that irrigation schemes continue operating even if rainfall patterns become erratic.

ZINWA says it is focusing on ensuring that crops under irrigation, as well as those planted under cropping programmes, have adequate water supplies to withstand dry conditions before the onset of the rainy season.

For agriculture experts, Zimbabwe’s strong dam levels are evidence that investment in water infrastructure yields benefits that extend beyond farming.

Reliable water supplies support agro-processing industries, mining operations, tourism facilities and urban water needs, creating a multiplier effect throughout the economy.

As officials prepare for the conference, there is growing recognition that dams should no longer be viewed solely as water storage facilities but as strategic national assets capable of unlocking economic opportunities and protecting livelihoods.

The conference is expected to explore ways of attracting both public and private sector investment into water infrastructure development, with increased emphasis on expanding irrigation capacity to reduce dependence on rainfall.

Zimbabwe has in recent years intensified efforts to develop and modernise water infrastructure as part of broader initiatives aimed at climate-proofing agriculture and improving national food security.

With dam levels remaining significantly above average, the country is better positioned to withstand potential weather shocks while maintaining agricultural production.

The strong water reserves provide a timely example of how infrastructure investment can enhance economic resilience.

As the threat of El Niño looms over the region, the message likely to emerge from the National Agriculture Conference and Expo is that every investment in water infrastructure is ultimately an investment in agricultural growth, business continuity and long-term economic development.