South Africa farms may need $1.15 billion rand to recover from drought – industry group
South Africa’s farming sector may need up to 18 billion rand ($1 billion) over the next three years in financial assistance to recover from a devastating drought, industry group Agri SA said on Wednesday.
Agri SA executive director Omri van Zyl told a grain producers’ conference that much depended on late summer rains as the growing season for the key maize crop nears its end. “If we get enough rain now it would be about 6 or 7 billion rand. The medium-range scenario is about 12.5 billion rand,” he told Reuters on the sidelines of the conference.
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