SUPPORT FOR FARMERS
Agri SA to work on drought defence
A disaster aid plan for the drought-ravaged agriculture sector could rope in state-backed development banks
The agricultural sector was considering the adoption of smart disaster aid after sections of the industry were brought to their knees by the prolonged drought, Agri SA executive director Omri van Zyl said on Monday. "By ‘smart’ we mean that we take small bites at it to help ourselves over the next few years," Van Zyl said. The plan would also include favourable financing repayment periods through state-backed development banks. Such discussions were ongoing, he said. Another leg to the plan was to create a bail-out fund over the long term to combat future droughts as the commercial farming sector is not a direct beneficiary of the government’s disaster relief. Van Zyl cited the sector’s maturity and the willingness of banks to assist farmers as factors that could help the plan off the ground.
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