Rising costs to keep South African farmers on their toes

Rising costs to keep South African farmers on their toes

Amid an abundant harvest, high agricultural commodity prices have been an ironic windfall for South African farmers, particularly the grain and oilseed growers. However, farmers should manage their portfolios well, as input costs have also been rising, namely: oil, herbicides, and fertilizer. Such higher costs have the potential to erode these price gains when farmers embark on the 2021/22 production campaign, commencing in October this year.

Sentiment in South Africa’s agriculture industry shoots to record high in Q2, 2021

Sentiment in South Africa’s agriculture industry shoots to record high in Q2, 2021

South Africa’s agricultural sector has not, in the recent past, had a season as good as the current one. This is evident from the Agbiz/IDC Agribusiness Confidence Index (ACI), which in the second quarter of this year reached a record high (since its inception in 2001) of 75, from 64 in the first quarter of 2021.

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