06 Jun 2011Commercial banks currently contribute 75% towards agricultural financing in South Africa, while the Land Bank’s 30% share in 2000 has fallen to 8%.
These figures on agricultural financing came to light in a debate on the subject initiated by the Agricultural Business Chamber (ABC).
The debate follows Finance Minister Pravin Gordhan’s request for a further urgent look into agricultural financing, and especially development finance.
http://www.fin24.com/Companies/Agribusiness/Farmers-dont-bank-on-Land-Bank-20110605
