The Sugar Cane Growers Fund (SCGF) has announced a temporary delay in processing cane payments due to unforeseen disruptions in its payment systems. In a statement released today, SCGF reassured cane farmers that it is working closely with its primary bankers, HFC, to resolve the issue and aims to ensure payments are processed by this afternoon, thereby minimizing any further interruptions.
Farmers are advised to check their bank accounts on Thursday, October 16, 2025, as the payment transfers may experience longer than usual delays. SCGF emphasized that no deductions have been made from accounts that are current on payments, providing some relief to growers.
For those who wish to make repayments, SCGF has opened options at its district offices, allowing farmers the flexibility to manage their finances more efficiently. This communication comes as SCGF addresses the ongoing financial challenges faced by cane farmers, who currently hold an outstanding loan of approximately $31 million. Recent initiatives, including the disbursement of $2.634 million for repayments, reflect a proactive stance from the Fund in supporting farmers during these tough economic times. Nevertheless, with a limited portion of funds allocated to high-default accounts, effective financial management remains crucial.
On a positive note, this situation underscores a broader commitment from various stakeholders, including government bodies, to work together to stabilize the financial health of cane growers. As SCGF navigates through these challenges, farmers are encouraged to use available resources wisely, which may lead to more sustainable farming practices and enhanced economic resilience within the sugar industry. This collaborative effort symbolizes a hopeful direction for the industry as it aims to overcome current obstacles and secure a promising future for those involved.