Land Bank stresses need for blended finance (opens original article in a new tab)

Land Bank emphasizes the importance of blended finance to provide affordable funding for farmers, while agriculture shows growth but faces challenges like disease outbreaks and rising input costs.

• Blended finance is critical for Land Bank to offer cheaper rates to farmers
• Land Bank seeks R7bn in current financial year to refinance debt and R3bn next year
• Agriculture grew 3.9% in Q1 but faces challenges like fuel prices, diseases, and El Niño
• Nedbank highlights farmer resilience and factors contributing to agricultural growth
• FNB notes positive export growth but warns of flood damage affecting exports