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Old 22nd Aug 2018, 12:38
  #86 (permalink)  
Join Date: Nov 2008
Location: Darkest Surrey
Posts: 5,408
Zimbabwean friend has indicated that SA Govt really isn't thinking this through very much.................. quelle surprise.

Majority of farms have debts either mortgages or working capital debts until crops comes in to pay it off.

Soon as farms start getting siezed then farmers no longer able to pay debts hence Banks start to get screwed very quickly and private property transactions
start to become worthless.

Banks will know very quickly the situation hence no new Capital or Loans in which cases farmers will not be planting.

Interesting to read that Russia which has millions of acres of underused land is encouraging Saffer Farmers to consider relocating there.
racedo is offline