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South African Agriculture And Inflation Phenomena

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  • Groenewald, J. A.

Abstract

From 1973 tot 1982 South Africa experienced double digit inflation, more rapid rises in food than general price levels and slower increases in agricultural producers' prices than for inputs and consumers' goods. Agriculture earns much of its revenue through exports. Demand-pull inflation probably didn't cause the sharp food price increases. Farmers contribute to demand-pull inflation through injudicious purchases of inputs. Input prices rise faster locally than overseas. This decreases competitive power on international markets. Tariff protection of inputs and monopolistic conditions are contributory factors. Agricultural profitability decreases, debts rise and risks increase. Eventually this will result in smaller supply and higher food prices. Monopolies reduce agriculture's bargaining power. The Marketing Act attempts to improve this. Some boards, however, become statutory monopolies and contribute to cost-push. Such actions and the monopolistic actions of some Co-ops are harmful. In general, monopolies warrant more attention.

Suggested Citation

  • Groenewald, J. A., 1985. "South African Agriculture And Inflation Phenomena," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 24(1), April.
    • Handle: RePEc:ags:agreko:267080
    DOI: 10.22004/ag.econ.267080
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    References listed on IDEAS

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    1. Cassidy, P.A. & McCarthy, W.O. & Toft, H.I., 1970. "An Application Of Spatial Analysis To Beef Slaughter Plant Location And Size, Queensland," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 14(1), pages 1-20, June.
    2. P.A. Cassidy & W.O. McCarthy & H.I. Toft, 1970. "An Application Of Spatial Analysis To Beef Slaughter Plant Location And Size, Queensland," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 14(1), pages 1-20, June.
    3. Dockel, J. A. & Groenewald, J. A., 1970. "The Demand for Food in South Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 9(4), October.
    4. Scholtz, A. P., 1971. "Marketing Planning and adjustment in agriculture in the seventies," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 10(1), January.
    5. Luther G. Tweeten, 1969. "Theories Explaining the Persistence of Low Resource Returns in a Growing Farm Economy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(4), pages 798-817.
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    Citations

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    Cited by:

    1. Kassier, W E & Groenewald, J A, 1990. "The Agricultural Economy of South Africa," 1990 Symposium, Agricultural Restructuring in Southern Africa, July 24-27, 1990, Swakopmund, Namibia 183486, International Association of Agricultural Economists.
    2. Dushmanitch, V. Y. & Darroch, M. A. G., 1991. "The Impacts Of Monetary Policy On The Maize And Beef Sectors Of South Africa I: Theoretical Foundations And Model Specification," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 30(3), September.
    3. Jocum, Isaac & Groenewald, Jan A., 1993. "Managerial Practice And Financial Success In Extensive Cattle Ranching," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 32(2), June.
    4. T. I. Fenyes & J. Vanzyl & N. Vink, 1988. "Structural Imbalances in South African Agriculture1," South African Journal of Economics, Economic Society of South Africa, vol. 56(2‐3), pages 112-122, June.
    5. Groenewald, Jan A., 1991. "Agricultural Trade And Marketing Policy: Future Directions," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 30(4), December.
    6. van Zyl, J. & van Schalkwyk, H. D. & Thirtle, C., 1993. "Entrepreneurship And The Bottom Line: How Much Of Agriculture'S Profits Is Due To Changes In Price, How Much To Productivity?," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 32(4), December.
    7. van Rooyen, Johan & Vink, Nick & van Zyl, Johan, 1990. "Some Considerations On Economic Policy Options For Agricultural Restructuring In South(Ern) Africa," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 29(4), December.
    8. Otto, R J, 1990. "Namibia's Place in the International Agricultural Environment," 1990 Symposium, Agricultural Restructuring in Southern Africa, July 24-27, 1990, Swakopmund, Namibia 183487, International Association of Agricultural Economists.

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