Jacob Zuma |
The Department of
Agriculture, Forestry and Fisheries is set to play a crucial role in the
growth of the country's gross domestic product, according to the 2017
Budget Speech.
In his speech
Gordhan said focused support on labour-intensive sectors, including
agriculture, agro-processing and tourism-related services, is imperative
to boost short-term investment.He added that food prices continue to reflect the impact of poor rainfall on agriculture.
According to the
2017 Budget, nearly R30bn has been allocated by 2019/20 to support
economic growth on agriculture, rural development and land reform
programmes, the largest portion allocated over the medium-term
expenditure framework period.
Over the medium
term, the department plans to support about 435 000 subsistence and
smallholder farmers through providing farm equipment, fencing,
fertilisers, seedlings and other essentials; disbursing a grant through
the comprehensive agricultural support programme; and repairing
flood-damaged infrastructure.
The budget also
stated that through the R5.3bn comprehensive agriculture support
programme grant, the department will play a crucial role in supporting
smallholder farmers who will supply produce to agri-park initiatives
across South Africa.
The agriculture,
forestry and fisheries department also plans to increase financial
support to emerging producers by R370m over the medium term, which will
be accessed through the Land and Agricultural Development Bank of South
Africa.
The amount has been
reprioritised from funding for provincial conditional grants, and will
provide loans to qualifying producers.
The loans will
improve producers' access to production inputs (such as fertilisers,
seeds, seedlings and chemicals) and farm infrastructure, to increase the
participation of emerging producers in the agriculture, forestry and
fisheries sectors.
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