Farms for Sale South Africa

 

 

How much does it cost to buy a farm in South Africa?

The average price for high-potential arable grain production land falls between R40 000/ ha and R50 000/ ha, Karoo grazing farms go for about R2 000/ ha, and irrigated farms go for between R150 000/ ha and R200 000/ha.

 

 

Why are so many farms for sale in South Africa?

The market for farms in South Africa has attracted significant interest over the last few years with an increase in available properties, largely due to Government’s redistribution-of-land policies and the increase in cost of farming.

 

 

Why are so many farms for sale in South Africa?

The market for farms in South Africa has attracted significant interest over the last few years with an increase in available properties, largely due to Government’s redistribution-of-land policies and the increase in cost of farming.

 

 

Can I buy a farm in South Africa?

Farming is for our livelihood in Mzansi, not just as an employment opportunity, but to feed and clothe our people.

 

here are ways to get access to land to farm in South Africa, either by buying or leasing: 

 

• Land Redistribution for Agricultural Development (LRAD)

 

Applicants who want to farm may apply for an LRAD grant, but have to make a contribution, either in cash or in labour, to a minimum of R5 000 – more if the grant is larger.

 

 

• Buying a farm through the Land Bank

The Land Bank is a commercial bank that can give you a loan of up to 60% of the value of the farm. If you are from the previously disadvantaged group, you can get up to a 90% loan.

 

The general requirements for clients to access funding from Land Bank include: 

• Be a South African citizen or a permanent resident holder;
• Have a clean credit record;
• Present a detailed business plan;
• Have enough security, equivalent to the amount being borrowed; and
• Be able to afford the repayments on a loan.

 

 

 

Lease of state-land for farming purposes 

The department of agriculture, land reform and rural development (DALRRD) extends opportunities on the government website every year. The current period for land allocation applications has lapsed, but they do pop up from time to time.

 

 

Can a foreigner own a farm in South Africa?

Before buying agricultural land, consider any restrictions on local and foreign investors and legal entities. Currently, there are no restrictions on land acquisition (including agricultural land) by any foreign party or South African resident (both natural persons and legal entities) in South Africa.

 

 

Which farming is profitable in South Africa?

The following are the Most Profitable Agricultural Business in South Africa

• Macadamia nut farming.
• Pig farming.
• Poultry farming.