Recapitalisation and Development Programme: briefing by Department of Rural Development and Land Reform
Author: P Ngwenya-Mabila
Most projects under the recapitalisation and development programme are starting to realise profitability because in the first three years the concentration was on infrastructure development in order to make farms farmable.
The Department of Rural Development and Land Reform revealed this when it recently appeared before the Portfolio Committee on Rural Development and Land Reform. The programme targets distressed land reform properties, properties under the administration of the Minister and sites within the former homelands and other communal areas.
The recapitalisation programme has an exit strategy which is a tripartite collaboration between the Department, strategic partners and the farmer. The Department is involved in the farm at financial and project management levels for a period of five years.
A total amount of R3 228 234 929 was disbursed and has benefited nine irrigation schemes, 10 commonages, 58 restitution claims, 1 382 farm redistributions and 99 Land Redistribution for Agricultural Development (LRAD) projects for emerging farmers. 64 farms are expected to exit the five-year incremental funding by the end of 2016.
Follow the link below to read the full article: