In episode 133 of Magic Markets, we dragged our guest Wandile Sihlobo out of a sitting of President Cyril Ramaphosa’s Presidential Economic Advisory Council to talk to us about the economics of farming.
In addition to being an author and columnist, Wandile is the Chief Economist of the Agricultural Business Chamber of South Africa, the Senior Lecturer Extraordinary at the department of Agricultural Economics at Stellenbosch University and a visiting research fellow at the Wits School of Governance. Suffice to say, he had a lot to teach us in this episode and we were only too keen to learn from him!
We talked about:
- The weather – specifically, how weather patterns affect the agricultural industry
- Why grain and soy bean stocks are looking healthier than poultry and livestock
- The investment case for agriculture in South Africa
- Primary vs secondary agriculture businesses
- Whether it is still lucrative to stay and farm in South Africa – and what this means for the country’s food security