A Revolution in the Market – The Deregulation of South African Agriculture
With the exception of sugar, the way that agricultural prices are determined in South Africa has been transformed. The longstanding control boards have been closed down, export subsidies have been terminated, and the level of protection from agricultural imports has been reduced. This briefing paper examines a number of questions. Why did South Africa's first democratically elected government choose to close the control boards rather than reorient them? How sustainable are the reforms? And what can other countries learn from South Africa's experience?