Data provided by McGregor BFA
All data is delayed
Loading...
See More

Food security threat looms

Jul 11 2012 12:28 Sapa

Related Articles

UN: Farm production needs to rise 60%

Food's final frontier

Union: Tolls a risk for food security

UN warns of more volatile food prices

Climate-smart farming the way forward

Flagrant coal mining threatens food security

 

Pretoria - A population boom across the world will undermine food security and urgent counter-measures are needed, the Land Bank said on Wednesday.

Chief executive Phakamani Hadebe said a new approach was needed to sustain food security as the world moved towards the 22nd century.

"We really have to review the way we do business. Food security will demand new thinking and a new approach."

Hadebe was briefing reporters in Centurion at the signing of a multi-billion rand agricultural loan deal between the bank and agricultural services and food group Afgri.

"For the world to be able to produce sufficient food, we will need to improve our technology. We need new systems to enhance our productivity. We also have to work smarter."

Without sufficient food, cross-border migration would swell rapidly, he said.

"The boundaries that we have will diminish over time, which means we will see a lot of migration. Countries that appear to be doing better (economically) will attract more people."

United Nations forecasts indicated the global population was likely to reach nine billion by 2050, with the major growth taking place in developing countries. Factors such as water shortages, climate change, and rising growth rates in developing countries would also jeopardise food security.

"South Africa is beginning to feel the impact of water shortage. The country's population by 2050 could be at around 55 to 60 million. How are we going to achieve this objective (of food security)?"

Hadebe said the Landbank/Afgri deal was beneficial not only to South Africa, but the whole African continent.

"The combination of the two entities' efforts, not only benefits our institutions, but the whole country. The impact will not only reside in South Africa, but we have efforts of looking beyond South Africa."

Afgri CEO Chris Venter said Africa's thriving population would soon put pressure on the continent's food reserves.

"We want to continue to expand our footprint into Africa. We need this partnership to ensure the sustainability of food security and we can't do that on our own."

Venter said his company was actively supporting farming in countries, including Zambia and Zimbabwe.

"Through our involvement in Zimbabwe, we have realised an improvement in the agricultural activities there. On the sugar (production) and tobacco side there are increases, but the country is still a long way from where it was.

"There is a general positivity in terms of agriculture across the African continent. More African governments realise that they need to secure food security," he said.

Last week, the Land Bank announced it had raised R1bn from the African Development Bank, and a further R830m from the South African capital markets. 

land bank  |  afgri  |  food security
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
12 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're Talking About: Small Business

Standard Bank is looking for 12 entrepreneurs to participate in a 10-part TV series. They could win a R1m investment into their dream.
 
 

'Zuma's legacy will be judged by Nkandla'

The legacy of President Jacob Zuma is contingent on how he deals with the issue of upgrades to his Nkandla homestead, says Cape Town Archbishop Thabo Makgoba.

 
 

Latest elections multimedia

Why Jack Parow wants you to vote on 7 May
The ad the SABC doesn't want to air
Elections 2014 in one cartoon
This year's election posters

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...