Question to the Minister of Agriculture, Land Reform and Rural Development - NW2654

13 December 2023 - NW2654

Masipa, Mr NP to ask the Minister of Agriculture, Land Reform and Rural Development

With reference to her reply to question 15 on 4 May 2023, what (a) is the (i) name of each farm, (ii) exact area where each farm is located, (iii) name of the previous owner/leasee of each farm and (iv) lease payment for each farm and (b) are the details of (i) fixed and any other movable assets bought and (ii) the cost at which the assets were bought; (2) whether the specified farms are productive; if not, what is the position in this regard; if so, what is the current use of each farm, including the produce that is being carried out on each farm; (3) whether any blended finance is being considered; if not, why not; if so, what (a) are the relevant details of the blended finance, (b) is the name of each beneficiary and (c) are the details as reasons for the Development Bank of Southern Africa’s involvement and cost set aside for their project execution?

Source
Link

Reply:

(a) (i),(ii),(iii),(iv) Please refer to Annexure A.

(b) (i) None.

(ii) Falls away.

2. The status quo remains the same; production at these farms is not at an expected level. The Department through existing producer support initiatives including infrastructure support intends, over time, to assist to improve productivity levels.

3. Yes. Blended Finance Scheme (BFS) is a funding instrument open for consideration. However, applicants must meet the set qualifying criteria in order to be granted the loan potion of the scheme. The current productivity levels on these properties dictate that the initial development support be mainly through conditional grants (BFS preparatory phase) and only when these farms are bankable, can Blended Finance Scheme be utilised.

(a),(b),(c) Falls away.