The South African Agricultural Trusts assets have grown by R83.6 million during the 2022/23 financial year amid recovery in investment markets, according to a report by the National Agricultural Marketing Council (Namc) on Tuesday.
The assets are now at R2.57 billion.
This increase surpasses the R47m increase we experienced in the previous financial year by a significant margin. Notably, the Oil and Protein Seeds Development Trust experienced a decrease of about R21m, while the Potato Industry Development Trust saw a decrease of around R5.5m.
The Maize Trust holds the largest asset base at R1.1bn, followed by the Wool Trust at R582m while the National Lucerne Trust has the smallest at R1.7m, the report noted.
The report was compiled by Vusimusi Sithole, Nomantande Yeki, Buhlebemvelo Dube, Phelelani Sibiya, Ricardo Smith, Matsobane Mpyana and Bonani Nyhodo.
