IS SOUTH AFRICAN AGRICULTURAL LAND OVERVALUED? COMMON MISCONCEPTIONS

H. D. van Schalkwyk and J. van Zyl

Agrekon, 1994, vol. 33, issue 4

Abstract: The gap between the average market and agricultural value of South African land showed a steady decline since 1984. The decline is attributable to the withdrawal of some of the major policy support services to the farming community and inflationary conditions, which had a negative influence on both sellers and buyers. The negative effect of the terms of trade was, however, partially countered by an annual growth in productivity of 4,63% since 1983. This had a positive effect on agricultural values, thus closing the gap between the market and agricultural value of land.

Keywords: Land Economics/Use; Teaching/Communication/Extension/Profession (search for similar items in EconPapers)
Date: 1994
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Persistent link: https://EconPapers.repec.org/RePEc:ags:agreko:267733

DOI: 10.22004/ag.econ.267733

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