Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
04 April 2025 | Story Andre Damons | Photo Supplied
Prof Wayne Truter
Prof Wayne Truter, Research Professor at the UFS Centre for Mineral Biogeochemistry, and Executive Management of the UFS Green Futures Hub.

Hosting the South African Circular Agriculture Initiative (SACAI) – an initiative of the Department of Science, Technology and Innovation’s (DSTI) – will help position the Green Futures Hub at the University of the Free State (UFS) as a leader in circularity in agriculture.

The UFS Green Futures Hub was selected to host the SACAI from 1 January 2025-31 March 2026. The funding received will be used to conduct workshops with stakeholders to develop a strategy to strengthen South Africa’s science, technology, and innovation for a circular economy in the agriculture sector.

The SACAI, under the leadership of Prof Wayne Truter, Research Professor at the UFS Centre for Mineral Biogeochemistry, and Executive Management of the UFS Green Futures Hub, aims to advance the principles of the circular economy and modernise agriculture in line with the South African government's aspirations. These goals are outlined in the Science, Technology, and Innovation (STI) Decadal Plan (2022-2032) and the Circular Economy STI Strategy.

 

Elevating the UFS’ visibility

The UFS Green Future Hub is a virtual platform in the Faculty of Natural and Agricultural Sciences (NAS), to facilitate integration and leverage capabilities to facilitate third stream funding and industry collaboration. It provides an interface and support structure for researchers to engage with funders and partners through the Hub.

Prof Truter says it is a great honour and privilege to have been awarded this initiative. “The funding that comes with SACAI will elevate our visibility in agriculture in the country and will help position Green Futures Hub as a leader in circularity in agriculture. A key objective of SACAI is to leverage science, technology, and innovation to enhance the value of the national system of innovation (NSI) within the agriculture sector. 

“The initiative will align with the priorities set out in the Circular Economy STI Strategy (2024-2034), focusing on resource efficiency, regenerative agriculture, sustainable agro-processing, and biorefinery development in South Africa. Through collaborations with other public research institutions, the hub will drive STI implementation in these critical areas,” says Prof Truter.

 

Objectives of SACAI 

The objective of SACAI is to give effect to the (i) circular economy, and (ii) modernising agriculture, aspirations of the South African government. The SACAI aims to advance the principles of the circular economy and modernise agriculture in line with the South African government’s aspirations. 

Simultaneously, Prof Truter explains, the objectives of the SACAI align with the vision of the UFS Green Futures Hub to be a global leader in advancing the understanding and application of sustainable practices for life with land and water, in developing contexts. By leveraging the latest advancements in research, technology, and innovation, the hub aims to create a thriving future where communities harmonise with natural and agricultural environments, ensuring the well-being of current and future generations, which has a particular focus on modernising agriculture and capacity development. 

Through STI, the SACAI will support the South African agriculture sector to adopt, scale and accelerate circular practices and technology. The SACAI will act through a hub-and-spoke model, to build and strengthen a national system of innovation, and associated capability, and will establish and strengthen strategic regional and international STI partnerships, to directly support industry and other sector stakeholders, serving as a facilitator of relevant research and related outputs.

 

UFS’ Vision 130 

“A South African Circular Agricultural Initiative perfectly aligns with our research-led, student-centred, and regionally engaged university by driving innovation and knowledge production in sustainable agriculture. This initiative will enable the university to contribute to development and social justice by advancing circular farming practices that reduce waste, optimise resources, and promote environmental sustainability, particularly in rural areas. 

“This fosters greater food security and resilience, benefiting marginalised communities, and addressing social inequalities within the agricultural sector. By involving our students, this initiative will directly support the student-centred approach, offering hands-on learning experiences that equip graduates with cutting-edge skills in circular economy principles,” says Prof Truter. 

The university’s Vision 130 focus on diversity, inclusion, and equity is reflected in the initiative’s emphasis on sharing knowledge and resources equitably, ensuring maximum societal impact and advancing a more just and sustainable agricultural system across South Africa.

Prof Vasu Reddy, UFS Deputy Vice-Chancellor: Research and Internationalisation, says: “This accolade speaks volumes of the calibre of our scholars and the recognition of our expertise in the agricultural domain. The UFS is exceptionally proud of Prof Truter’s drive, initiatives, vision and foresight. Under his leadership, we will augment and inflect even further our standing and position in the circular economy of agriculture. Reddy added: “We will not simply be the heartland but the growing soul and substance of what agriculture might become through research, implementation and impact. We are watching this space with deep curiosity.”

News Archive

Producers to save thousands with routine marketing strategies, says UFS researcher
2014-09-01

 

Photo: en.wikipedia.org

Using derivative markets as a marketing strategy can be complicated for farmers. The producers tend to use high risk strategies which include the selling of the crop on the cash market after harvest; whilst the high market risks require innovative strategies including the use of futures and options as traded on the South African Futures Exchange (SAFEX).

Using these innovative strategies are mostly due to a lack of interest and knowledge of the market. The purpose of the research conducted by Dr Dirk Strydom and Manfred Venter from the Department of Agricultural Economics at the University of the Free State (UFS) is to examine whether the adoption of a basic routine strategy is better than adopting no strategy at all.

The research illustrates that by using a Stochastic Efficiency with Respect to a Function (SERF) and Cumulative Distribution Function (CDF) that the use of five basic routine marketing strategies can be more rewarding. These basic strategies are:
• Put (plant time)
• Twelve-segment pricing
• Three-segment pricing
• Put (pollination)(Critical Moment in production/marketing process), and
• Pricing during pollination phase.

These strategies can be adopted by farmers without an in-depth understanding of the market and market-signals. Farmers can save as much as R1.6 million per year on a 2000ha farm with an average yield.

The results obtained from the research illustrate that each strategy is different for each crop. Very important is that the hedging strategies are better than no hedging strategy at all.

This research can also be applicable to the procurement side of the supply chain.

Maize milling firms use complex procurement strategies to procure their raw materials, or sometimes no strategy at all. In this research, basic routine price hedging strategies were analysed as part of the procurement of white maize over a ten-year period ranging from 2002–2012. Part of the pricing strategies used to procure white maize over the period of ten years were a call and min/max strategy. These strategies were compared to the baseline spot market. The data was obtained from the Johannesburg Stock Exchange’s Agricultural Products Division better known as SAFEX.

The results obtained from the research prove that by using basic routine price-hedging strategies to procure white maize, it is more beneficial to do so than by procuring from the spot market (a difference of more than R100 mil).

Thus, it can be concluded that it is not always necessary to use a complex method of sourcing white maize through SAFEX, to be efficient. By implementing a basic routine price hedging strategy year on year it can be better than procuring from the spot market.

Understanding the Maize Maze by Dr Dirk Strydom and Manfred Venter (pdf) - The Dairy Mail


We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept