IS SOUTH AFRICAN AGRICULTURAL LAND OVERVALUED? COMMON MISCONCEPTIONS

The gap between the average market and agricultural value of South African land showed a steady decline since 1984. The decline is attributable to the withdrawal of some of the major policy support services to the farming community and inflationary conditions, which had a negative influence on both sellers and buyers. The negative effect of the terms of trade was, however, partially countered by an annual growth in productivity of 4,63% since 1983. This had a positive effect on agricultural values, thus closing the gap between the market and agricultural value of land.


Issue Date:
1994-12
Publication Type:
Journal Article
Record Identifier:
http://ageconsearch.umn.edu/record/267733
ISSN:
0303-1853
Language:
English
Published in:
Agrekon, Volume 33, Issue 4
Page range:
266-271




 Record created 2018-02-02, last modified 2018-04-02

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