Cabinet agrees to $58 million pay-out to cane farmers

Cane farmers are in line for a $58 million payout following a decision by the Cabinet today as final settlement for the 2007 transitional payment.

The Minister of Planning and Development, Camille Robinson-Regis has issued a media statement announcing the Cabinet decision.

"The Minister of Planning and Development has indicated that the Cabinet meeting today after several months of deliberation Cabinet decided to pay the Cane Farmers the sum of $57,965,675.00 for Tranche II and III of the Compensation Package as a final settlement to the 2007 Transitional Payment.