n Farmer’s Weekly - Growing a valuable pecan nut orchard : a valuer's perspective
|Article Title||Growing a valuable pecan nut orchard : a valuer's perspective|
|© Publisher:||Caxton Magazines|
|Publication Date||Jul 2016|
Parts of South Africa have the world's best climate for growing pecan nuts (Carya illinoinensis). In an interview with Farmer's Weekly in January 2011, Philip Antrobus, pecan nut farmer and then chairperson of the SA Pecan Nut Producers' Association (SAPPA), said that pecan nut production was a lucrative industry. "Income harvested from two pecan nut trees is equivalent to that from 50t of maize," he was quoted as saying. The pecan nut industry continues to expand, as indicated by SAPPA's statistics, with 327 900 trees planted in 2013, 341 000 trees planted in 2014 and 340 000 trees planted in 2015 (source: www.sappa.za.org/information/industry-statistics). Similarly, according to Pecans SA, consumption has more than doubled since 2007, with 90% of the country's pecans exported to China. While pecans may seem like a viable business venture on which to embark, one should consider that, as with all crops, there are various factors that determine the value of the plantation. The following excerpt from Lyndon Storer's presentation, 'The story of an African pecan nut farm' presented on 23 October, 2015 in Bloemfontein at the SAIV (SA Institute of Valuers) Central Branch agri seminar, discusses some of these factors.
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