Bloomberg's Alan Katz reports on Morgan Stanley's farming venture on the steppes of Ukraine which it abandoned in July 2009. The failed gamble demonstrates how Wall Street firms, in the last gasp of a debt-fueled bull market, strayed further from their traditional businesses to embrace diverse projects with unfamiliar risks.
In Brazil, government surveys found foreigners owned 10% of the nation's cultivated land. Much of that was funds with international backing in London or New York.
Black River Capital Partners Fund (Food) LP, a fund managed by the private equity arm of US agribusiness and trading giant Cargill, has offered to acquire 28.11 percent of Philippine fruit and vegetable grower AgriNurture Inc. for $30.4 million.
CDC, the UK’s development finance institution, today announced a US$20m investment in farming businesses in Zambia, Tanzania, Malawi, Mozambique and Uganda
With investors from the Middle East and the U.S., Africa Atlantic Farms is pursuing mechanised farming on 10,000 hectares it has leased in Ghana in the Afram Plains region, with plans to expand.
At the current stage, we do not have adequately available evidence to consider either HMC or Emergent at fault for the purported economic wrongdoings outlined in the Oakland Institute report.
Groups urge people in the US and Canada to take action on land grabbing.
“These land lease schemes have turned farmers into mere low wage-earning agricultural workers instead of being empowered owner-cultivators.” – Randall Echanis, Kilusang Magbubukid ng Pilipinas
Civil society -- small farmers, fisher and forest folk, pastoralists -- look with a great deal of suspicion at the US and other countries’ intentions, reports David Andrews about upcoming meetings in Rome
Unfortunately, given the global nature of capital, even if the US were to completely shut down speculation, it would just move offshore.
Land investments displace rural populations, often without any notice, and diminish their access to land, jobs, and food.
"The desire of foreign monopoly capitalists in the US to acquire lands in PH is an open book. It is not a best kept secret. The monopolists in the US also want 100 percent ownership of other profitable sectors in the Philippines including but not limited to mining, eco-tourism, energy, public utilities, mass media, oil and gas, health and education."