The year 2021 has ended positively for South Africa’s agricultural sector. Farmers experienced a unique season characterized by bumper yields, and higher agricultural commodity prices, particularly in the grains and oilseeds industries.
Agricultural productivity growth – the increase in yield per unit (land/animal) – depends largely on technological innovation and the adoption of new seeds, new equipment, new genetics, as well as effective animal medicine.
The third quarter agricultural economic performance data surprised many people. Before its release, the prevailing view was that agriculture was a shining light.
South Africa’s agricultural sector has started the 2021/2022 production season positively. The country is in a full swing La Niña, which is evident from the frequent and above-average rainfalls the country has received since the beginning of October.
The Quarterly Labour Force Survey data released by Statistics South Africa today showed that in the third quarter of 2021, agricultural employment increased by 3% y/y to 829 000.
The six-minute discussion focused on South Africa’s agricultural conditions, exports activity and jobs in the sector.