This paper explores progress with the initial practical experience with agrarian reform in South Afiica with special focus on the new 'equity sharing' model. It particularly discusses the current understanding and perceptions, and expectations of the beneficiaries, namely fann workers. A qualitative survey was done on two sites, one in Grabouw in the Western Cape, and the other in Badplaas in Mpumalangal, where equity schemes are currently at a pre-implementation phase.