Enterprises

Pillar 1: Land Acquisition

Four [4] methods are used by FABCOS in acquiring agricultural land:

1. Land Acquisition by the FABCOS National Ko-operasie

The FABCOS National Ko-operasie, which was established to serve as an implementing resource company for farmers, acquires land directly with FABCOS funds. The acquired land is owned by FABCOS and the produce is sold to members of FIBA and to open markets.

2. Land Acquisition by the Provincial Ko-operasies

FABCOS encourages and assists its members to belong to FABCOS-established provincial co-operatives that acquire and work on agricultural land as a collective. Provinces raise money independently for this purpose with some support from the national ko-operasie. The following FABCOS provincial co-operatives, each with at least 25 members each have been established:

 

No NAME OF KO-OPORASIE Abbreviation
1 Eastern Cape FABCOS KO-OPORASIE ECFK
2 Free State FABCOS KO-OPORASIE FSFK
3 Gauteng FABCOS KO-OPORASIE GFK
4 Kwazulu Natal FABCOS KO-OPORASIE KZNFK
5 Limpopo FABCOS KO-OPPORASIE LFK
6 Mpumalanga FABCOS KO-OPORASIE MFK
7 North West FABCOS KO-OPORASIE NWFK
8 Northern Cape FABCOS KO-OPORASIE NCFK
9 Western Cape FABCOS KO-OPORASIE WCFK

 

3. Land Acquisition by the FABCOS Stokvels

The Stokvels are provincial member savings clubs. The savings are used for land acquisition amongst other things. On acquisition, members of the Stokvel in the province, with the assistance of the national ko-operasie agree on the modus operandi and the approach to market.

4. Land Acquisition by Individual FABCOS Members

Individual members of FABCOS are encouraged based on affordability to acquire agricultural land that they can work on. The National Ko-operasie provides members with expert advice and training based on the agricultural activity that members aspire towards. Blockages such as access to finance, access to implements, new farming techniques, irrigation and access to markets are resolved through consultation with members.

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