Related Articles
Top Stories
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Midrand - Minister of Agriculture Tiena Joemat-Pietersen said she wants to see land restitution move from 10% to the 20-
30% targets, but this does not mean money will simply be thrown at the
problem. And government will not just bail out distressed farmers who are
not willing to put their shoulders to the wheel.
"Farmers will be given support, but farmers must be willing and able to
farm. Others will fall by the wayside," she said.
She noted that ownership of farms bought back from the Land Bank would
lie with the government.
She spoke about how the Land Bank borrows funds and must repay
liabilities to investors, and how farms will be leased back to the farmers.
She said there are approximately 383 development farmers that are
classified as legal. The amount outstanding here is R232m.
She said it was essential to ensure the right farmers are allocated
farms and if they do not display financial and farming mettle, farms will be
given to other qualifying and keen farmers.
"The strategy is not limited to farmers in distress," she said.
"There are still areas we need to move on," concluded Joemat-Pietersen.
She says there is a comprehensive package in place for the 283
development farmers. But insisted this meant a turnaround strategy must be
in place.
She said some of the farms had been abandoned before and were in a state of disrepair. Her department thus had intervention strategies in
place and were watching developments closely.
- I-Net Bridge