Land expropriation one of the contributing factors to a drop in farm prices

Agricultural economist, Johann Bornman says that farm prices have fallen 32% since the ANC decided to prioritise the issue of land expropriation without compensation.

Using data from the country’s Deeds Office, Bornman says the are other two factors that contributed to the drop in farm prices which are the drought that hit most parts of the country and the current economic situation.

Read: Foreign investors nervous over land expropriation uncertainty - Busa

If you compare the analysis of provinces, it differs. It stands out where you find the severity of drought - there's a huge impact so it's a combination of three factors.

Johann Bornman, Agricultural economist

He says the drop started in 2014 when the drought started.

In the Western Cape, we are still struggling with the after-effects of the drought and it will be with us for at least another two years.

Johann Bornman, Agricultural economist

Bornman says the Agricultural Business Chamber Confidence Index which was released on Monday indicates a significant drop since the second quarter of 2016.

He says in the coming two months they will have data available which will show clearly the impact of all three factors to the agricultural sector.

To hear the rest of the conversation with Johann Bornman, listen below:


This article first appeared on CapeTalk : Land expropriation one of the contributing factors to a drop in farm prices


Recommended

by NEWSROOM AI
Read More
 Parliament concludes hearings into Land Expropriation without Compensation

Parliament concludes hearings into Land Expropriation without Compensation

The hearings concluded with submissions from the Banking Association of SA and Business Unity South Africa.

Why parliament has withdrawn Expropriation Bill and what it means

Why parliament has withdrawn Expropriation Bill and what it means

Public hearings on land reform are currently underway throughout the country.

South Africa talks to US about Trump tweet

South Africa talks to US about Trump tweet

Mxolisi Nkosi says the foreign ministry has called US deputy ambassador to discuss Trump's tweet about land expropriation.

[UPDATE] 'We have never ever said there is a white genocide happening in SA'

[UPDATE] 'We have never ever said there is a white genocide happening in SA'

Deputy CEO of AfriForum Ernst Roets says the lobby group welcomes US president's tweet about farm killings in South Africa.

Mabuza tries to allay farmers' fears at land summit

Mabuza tries to allay farmers' fears at land summit

He told farmers that government wouldn't make any decisions that may be harmful to farmers, the farming industry or the economy.

Public submissions land report was not leaked - Vincent Smith

Public submissions land report was not leaked - Vincent Smith

CRC committee co-chairperson Vincent Smith says the report on public land submissions was not leaked and is a baseless rumour.

Presidency to seek clarity from US embassy over Trump tweet

Presidency to seek clarity from US embassy over Trump tweet

Trump says that he has asked his secretary of state to look into the killing of white farmers in SA.

Popular articles
[WATCH] Young boy's school concert dance moves delights Twitter

[WATCH] Young boy's school concert dance moves delights Twitter

Khabazela shares tweets and Facebook posts that have gone viral.

What is better - money in the bank or investing in shares?

What is better - money in the bank or investing in shares?

Personal finance expert Warren Ingram offers a definitive answer with an explanation ordinary people can understand.

KZN bishop Timothy Ngcobo stands by xenophobic remarks

KZN bishop Timothy Ngcobo stands by xenophobic remarks

The well-known religious leader has allegedly been put under surveillance by KZN police for fueling xenophobic sentiments.

EWN's Barry Bateman caught on camera calling Julius Malema a  P***, EWN responds

EWN's Barry Bateman caught on camera calling Julius Malema a P***, EWN responds

Twitter was abuzz after EWN reporter used the P after a press briefing with Economic Freedom Fighters leader.

'Data doesn't support that foreigners are grabbing jobs from South Africans'

'Data doesn't support that foreigners are grabbing jobs from South Africans'

African Centre for Migration Studies' Dr Rebecca Walker says lack of governance is the main issue, not immigration.

Nando's response to Pick n Pay 'iNkukhu' advert has social media in stitches

Nando's response to Pick n Pay 'iNkukhu' advert has social media in stitches

Khabazela shares tweets and Facebook posts that have gone viral.

[WATCH] iMfolozi Outrun had surprises on route leaving social media in stitches

[WATCH] iMfolozi Outrun had surprises on route leaving social media in stitches

Khabazela shares tweets and Facebook posts that have gone viral.

Nigeria calls for sanctions against South Africa

Nigeria calls for sanctions against South Africa

"Enough is enough," said the Nigerian government in an official statement.