Hong Kong-listed Fosun International, a conglomerate with investments in businesses ranging from holiday resort chain Club Med to upmarket circus show Cirque de Soleil, is to buy 9% of German farm-operator KTG Agrar.
KfW, the German Development Bank on behalf of the German Ministry of Economic Cooperation and Development, along with AgDevCo and Root Capital, announces the launch of the Lending for African Farming Company (LAFCo)
Two villages, Sanamadougou and Sahou, in Mali, have been fighting for the past five years against eviction from their land by the large-scale investor Modibo Keita.
With more savvy investors buying up farmland, land prices have doubled within five years and the result is mega-farms like KTG Agra, which owns 50,000 ha in eastern Germany, Lithuania and Romania.
According to the office of German parliament member, the conflict in Ukraine is used to cover up a sale of farmlands in the interest of major corporations.
Germany’s largest meat producer Clemens Toennies will finalise a deal for a pig farm with 1,500,000 animal units on 15,000 hectares of land in Serbia.
German airline Lufthansa in talks with several investment firms about taking on management of a private equity fund that will invest into farmland in Cameroon and Eastern Europe to grow oil crops.
Some 4,000 hectares of farmland in Lithuania sold to a German institutional investor and leased back for 18 years.
NGOs in Germany accuse the public development agency DEG of promoting land grabbing in developing and newly industrialised countries and blames the German government for not taking the issue seriously.
Land prices in eastern Germany are rising at dizzying rates and local farmers feel they are being squeezed out by foreign investors in a phenomenon known as "land grabbing".
Les grandes exploitations agricoles de ex-RDA héritées du communisme attisent la convoitise d'investisseurs et les prix flambent dans cette partie de l'Allemagne où la grogne monte contre le "landgrabbing".
On January 22 a comprehensive database on land and resource governance programmes funded by members of the Global Donor Working Group on Land will be presented during the AGA in Paris.