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South African Farmers Urge State to Bail Out Agriculture Lender

  • AgriSA warns Land Bank’s failure could affect food security
  • Land Bank missed loan repayment, triggering default events
A tractor ploughs ground through a harvested corn field on a farm in Mpumalanga province, South Africa.

A tractor ploughs ground through a harvested corn field on a farm in Mpumalanga province, South Africa.

Photographer: Waldo Swiegers/Bloomberg

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South Africa’s government has been urged to rescue its state-owned agricultural bank to avoid the risk of farmers being starved of access to financing and threatening food security.