On Now
Weekdays 18:00 - 19:00
OFM Business Hour Olebogeng
NEXT: 19:00 - 23:00 OFM Nights with Ashmund
Listen Live Streams

Agriculture

Agri podcast: Two nabbed for stock theft in NC

───   ELSABÉ RICHARD 12:47 Tue, 27 Apr 2021

Agri podcast: Two nabbed for stock theft in NC | News Article

Two men, aged 40 and 41 are expected to appear before the Mothibistad Magistrate's Court in the Northern Cape soon on a charge of possession of suspected stolen livestock.

According to the police, the duo was arrested on Friday following a tip-off from community members of suspected stolen livestock at Seoding village outside of Kuruman. Upon the police's arrival at the suspects' house, six sheep and 12 goats were found. The total value of the livestock is R32 400. Two vehicles that were allegedly used to commit this crime were also confiscated by police. The stolen livestock was later that day identified by their rightful owner.

Farm prices in South Africa are currently in the process of recovery, broadly reflecting good rainfall and subsequent high crop yields, as well as general regional economic realities. Farmer's Weekly reports that relatively few farms were bought and sold in South Africa last year due to the Covid-19 pandemic and related lockdown restrictions. According to Johann Bornman, chairperson of Agri Development Solutions, data from January 2020 to January 2021 showed that the price of land in South Africa remained stable. Furthermore, he adds that farms between 150ha and 450ha had been the most actively traded. He says that this differs from district to district, and is directly related to the type of farming prevalent in a specific area. With that being said, North West saw positive prices in 58% of districts, including Vryburg, Marikana and Coligny. In contrast, districts in the western and south-western parts of the province, such as Mahikeng and Delareyville, were still struggling with the drought, which began in 2016.

AND

Consumer food price inflation accelerated to 5,9% year-on-year last month from 5,4% year-on-year in the previous month. According to Wandile Sihlobo, chief economist at the Agricultural Business Chamber of South Africa, Agbiz, the product prices underpinning the uptick were mainly bread and cereals, fish, milk, eggs and cheese, oils and fats. He says the increase in prices is unsurprising and reflects the elevated farm-level prices that were observed at the end of 2020 and into 2021. Sihlobo further says that typically, the pass-through from the farm level to the retail level for products such as grains is three months.




OFM News

@ 2024 OFM - All rights reserved Disclaimer | Privacy Policy | We Use Cookies - OFM is a division of Central Media Group (PTY) LTD.