News

South African farmers suffer from droughts and strong rand

01/12/2004

For the third year running South Africa is being plagued by severe droughts, affecting the budgets of farmers, already stretched by the very strong rand. The currency has regained about 60% of its value over the last three years, making many calculations obsolete and costs higher than investments. Many are considering abandoning their farms, putting the future of the country’s agriculture into question.

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