Abstract
This paper seeks to explain the emergence of South African inclusiveagricultural business models in relation to the land reform policy.We demonstrate that in South Africa such policy instrumentslinking small-scale and large-scale farmers respond to endogenousdynamics linked to the failure of its land reform policy. We studythe land reform policy change induced by its policy instruments.Indeed, introducing the market as the preferred means toimplement land reform caused unanticipated side effects, creatingconstant pressure for change that such inadequate instrumentexerted on the set policy objectives during the first phase ofpolicy implementation. After cohabitating uneasily with ratherantagonistic policy goals, policy instruments ultimately led to achange in policy objectives, shifting from supporting small-scaleblack subsistence agriculture to targeting a class of emergingfarmers committed to commercial agriculture. Inclusive BusinessModel’s policy instruments were subsequently identified as thebest fit to achieve the re-adjusted policy goal.