Land Bank Commended for Drought Relief Measures Taken to Assist Farmers
Many parts of the country are currently undergoing extreme drought conditions and therefore the Land Bank must be commended for its interventions taken to provide relief and assistance to emerging and commercial farmers.
Some of the drought relief interventions for the farmers entail the carry-over of the debt facility for production credit, the granting of the repayment holiday depending on cash flow projections and the extension of the repayment period for the remaining term of the loan, among other things.
Thus far R700m has been targeted for support for emerging farmers.
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