A new textbook on finance and farm management is set to be a vital resource for aspiring farmers, as Standard Bank launched the highly anticipated seventh edition of its comprehensive guide. This edition is said to reinforce the bank’s commitment to agricultural education and innovation, arriving at a critical juncture for global farming.
The updated Finance and Farm Management textbook introduces new chapters on smart farming, relevant legislation in the South African context, and human resource management in agriculture. These additions aim to prepare the next generation of farmers for the demands of modern agriculture, which include climate resilience and navigating complex trade agreements.
In an era marked by climate volatility and food security challenges, Standard Bank’s investment in agricultural education through this comprehensive resource seeks to empower aspiring farmers with essential knowledge and skills.
Fostering sustainable agriculture
“Our investment in agricultural academia is not just about teaching today’s students; it’s about building a resilient, sustainable agricultural sector for the future,” said Brendan Jacobs, head of agriculture for business and commercial banking at Standard Bank South Africa.
“The Finance and Farm Management textbook has been updated to ensure that the next generation of farmers is prepared to meet the demands of modern agriculture and that agribusinesses continue to thrive.
“We at Standard Bank are leveraging our expertise, infrastructure, and footprint to enable access to the knowledge tools that the sector needs to thrive. We consider ourselves to be more than a bank but rather a key partner in the sector, playing a crucial role in initiatives that drive change.”
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This latest edition reflects dynamic shifts within the agricultural sector, including the rise of sustainable farming, the significance of digitisation, and the pressing need for climate resilience. It also addresses critical developments in African trade, providing students with a well-rounded understanding of both local and global market dynamics.
For over 43 years, the Finance and Farm Management textbook has shaped the agricultural academic landscape.
Initially a practical guide for farmers, it has evolved into an essential resource prescribed at major institutions, including the University of the Free State, University of Pretoria, Stellenbosch University, the University of South Africa, and Fort Hare University.
The idea for the book arose from research revealing a scarcity of published material on the financial management of farming operations. Recognising this gap, Standard Bank compiled the book to serve the farming community, and to benefit agriculture students at universities, colleges, and schools.
Empowering new-era farmers
The textbook consistently equips new-era farmers and agricultural students with practical tools to navigate the complexities of farm management and agricultural finance. It is a key element in Standard Bank’s broader strategy to support agricultural education at the higher educational level.
Of approximately 5 000 agricultural science graduates each year, around 1 500 specialise in agricultural economics and agricultural management, highlighting the bank’s commitment to building a pipeline of future agricultural specialists.
In addition to the textbook, the Standard Bank Agriculture Academy, launched in April 2024, trains the bank’s staff with specialised skills to better support agricultural clients. The academy’s first cohort includes 30 students – 16 from across Africa and 14 from South Africa – focused on empowering agricultural communities and contributing to sustainable growth across the continent.
“Standard Bank’s commitment to nurturing future farmers goes beyond education. Through its agribusiness transformation programme, in partnership with the University of the Free State and the department of agriculture, we have supported over 125 black emerging farmers in the Northern Cape and Free State.
“This programme leverages existing expertise, skills, and infrastructure to help emerging farmers contribute to the transformation and economic viability of South Africa’s agricultural sector,” adds Jacobs.
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