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D-customary-tenure Dictionary

Customary tenure

Land held under traditional authority rather than registered title

All termsIntroduced in Module 1Open the Toolkit
An open dictionary on a farm office desk
Plain meaning
Land held under traditional authority rather than registered title
How to use it
Customary land can be farmed securely but is rarely accepted as loan security. Plan finance that does not rely on the land itself, such as contract farming or equipment finance.
South African benchmark
Communal areas in former homelands remain under traditional authority.
Country notes
Customary tenure covers most rural land in Zambia and large areas of Botswana, Namibia and Zimbabwe.
Go and read
C1
Calculate it
No calculator; the term is applied in the venture plan narrative.
Library sources
LIB-A018, LIB-A022
See also
Dead capital, Contract farming
Two hectares measured out, with the four numbers that make land a business assetTwo hectares, measured as a business assetHectare 1100 m x 100 mHectare 210,000 m²100 m100 m100 mLease value a yearthe return to beatSale valuethe capital tied upHolding costfencing, rates, upkeepTenure documentwhat a bank lends on1 hectare = 10,000 square metres. Two hectares is a 200 m x 100 m block.
From Module 1, The Farm as an Asset, where this term is introduced.

Introduced in C1 The Farm as an Asset.