Advertise with fastmoving.co.za
 
 

A report commissioned by agricultural industry body AgriSA found seven out of 10 commercial farmers experienced at least one incident in 2017.
A report commissioned by agricultural industry body AgriSA found seven out of 10 commercial farmers experienced at least one incident in 2017.

Agricultural crime cost SA R7.7bn in 2017

ECONOMIC NEWS

By Karl Gernetzky - Oct 1st 2018, 11:27

A report commissioned by agricultural industry body AgriSA found seven out of 10 commercial farmers experienced at least one incident in 2017. 

The cost of agricultural-related crime was R7.7bn in 2017, with commercial farmers spending about R1.9bn on security in the same year, according to an AgriSA report.

The rand theft of malicious damage to property was 590% higher than the R687m annual cost estimated in a 2002 study, according to the AgriSA report.

The report, conducted by Unisa's bureau for economic research, found that the cost theft of tools and equipment may have risen 314% between 2002 and 2017, while livestock theft rose 130.1%.

Arson and malicious damage to property were predominant in the Western Cape, while burglary and theft of agricultural implements were predominant in Limpopo and Mpumalanga.

KwaZulu-Natal headed the list of the proportion of farmers who experienced some form of crime in 2017, at 91.8%. Farmers in the Northern Cape were least affected by crime, with 55.4% reporting one or more incidents.
Business Live 

Read more about: sa economy | agriculture | agribusiness

Related News

Load shedding threatens jobs, economic recovery, says consumer body
22/03/2019 - 13:31
Load shedding, which has been escalated to Stage 4, is posing a significant risk to economic recovery, the Consumer Goods Council of South Africa said in a statement, as rotational blackouts continued to grip the country.

Retail sales recover in January after dismal December figures
22/03/2019 - 09:23
Retail spending showed signs of recovery in January, growing 1.2% on an annualised basis, slightly faster than analysts had expected.

SA beef export market reopens to the Middle East
22/03/2019 - 08:23
The recently held Gulfood Trade Show 2019, which took place at the Dubai World Trade Centre, saw the reopening of beef trade between South Africa and the Middle East.

Business counts cost as Eskom battles power shortages
20/03/2019 - 09:14
State utility Eskom will make more power cuts this week as it struggles with capacity shortages that threaten to stymie President Cyril Ramaphosa’s efforts to boost investments and economic growth.

SA meat price inflation to remain subdued due to foot-and-mouth outbreak
19/03/2019 - 11:27
SA’s meat price inflation could remain subdued in 2019 as a ban in exports could increase local supplies, according to the Agriculture Business Chamber (Agbiz), an organisation that represents commercial farmers and agribusiness.