According to statistics of the National Department of Agriculture, Forestry and Fisheries, agricultural debt increased by approximately R34 689 or 30% during the period 2014 to 2017 and is expected to reach the R160 000 million level during 2018, which would imply a debt burden of approximately 35%. Measured against generally accepted norms, it is gravitating to the higher side. It should be seen against the background of a slowing down (or even a decrease) in land prices, stricter monetary policy and political uncertainty.
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