It’s important to learn as much as you can about the marketing of livestock and other agricultural commodities.
Succession planning of the family farm is often taken for granted as the transition to the next generation is assumed to be an uncomplicated process. Little or no thought is given to planning and grooming of a successor.
In South Africa, a testator or testatrix has the freedom to leave their assets to whoever they please. But certain statutory limitations affect the freedom of testation. One is the Subdivision of Agricultural Land Act 70 of 1970.
To increase your profit, you need to know the age and body condition of your animals and what prices to expect from the markets. Remember, a heavier carcass may not mean more money.
With the development of new, customised technology, a smartphone can function as a highly effective crime prevention and safety device.
Estate Duty is a tax which is payable by every person who dies and who was ordinarily resident* in South Africa at the date of death or who was not ordinarily resident but owned assets in South Africa at date of death.
Fresh water is becoming an ever-scarcer resource. This places all forms of agriculture, including livestock farming, under increasing pressure, warns Shane Brody.
The repo rate in South Africa has been slashed from 6.75% to 6.5%. Typically, a decrease in interest rates causes house price growth, so it’s great news for the property market.
By law, you are required to store or dispose of waste responsibly. Failure to do so may result in a fine. More seriously, it harms the environment.
A big concern for farm owners is how to ensure their farms stay in the family for generations to come.
Proper estate planning can spare future generations much unhappiness and legal costs especially where the succession of agricultural property is involved.
The assistance of a land surveyor is key to ensuring lawful procedure. Altus Strydom, chairperson of the South African Geomatics Institute, spoke to Gerhard Uys.