https://www.engineeringnews.co.za

Investment perspective needed as agriculture fights drought

Investment perspective needed as agriculture fights drought

Photo by Bloomberg

16th March 2016

By: Creamer Media Reporter

  

Font size: - +

With South Africa battling the worst drought in decades, Standard Bank this week urged farmers to take a longer-term view and plan beyond the prolonged crisis that has cost the industry some R16-billion to date.

South Africa head of agribusiness Nico Groenewald on Wednesday emphasised the importance of shaping the industry into a social and financial “investment vehicle” capable of driving positive change at national and regional levels.

“It is time for farmers to look at the work they do as a type of investment vehicle [rather] than purely as a tactical, operational exercise undertaken season by season,” he said, adding that farmers needed to plan beyond the drought.

This, in turn, would shift agriculture into the domain of social investment, where investment would be pursued for more equitable societal functions based on input, as well as on financial return.

“New agricultural strategies are giving rise to upstream and downstream business opportunities in which conventional investors can be persuaded to take a stake,” he explained.

This opened up opportunities for farmers to either create investment opportunities or participate in them and gain a share of the value chain upside.

“It also enables them to influence the direction in which agriculture evolves and, thereby, how effectively it serves both farmers and humanity,” Groenewald concluded.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Magazine video image
Magazine round up | 29 March 2024
Updated 20 minutes ago

Latest News

Magazine video image
Magazine round up | 29 March 2024
Updated 20 minutes ago

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.073 0.128s - 137pq - 2rq
Subscribe Now