Asia: Land grabs threaten food security
- IRIN
- 10 June 2009
Sam Pov, a rice farmer in Cambodia’s western Battambang Province, is very worried that his land will be taken over by a foreign investor.
Sam Pov, a rice farmer in Cambodia’s western Battambang Province, is very worried that his land will be taken over by a foreign investor.
An expected call from Goldman Sachs could change 59-year-old pig farmer, Zou Changkui's (who resides in the southern Chinese city of Longyan) life forever.
Corporate ownership of world food sources may be shifting into high gear. Goldman Sachs, the private equity investment bank of the ultra wealthy and powerful, has announced that it's in the race to scoop up assets related to food production.
The Chinese government is more and more worried over the control that overseas firms are exercising over a good portion of China’s food supply, and there is even some thought that the recent inflation might have been triggered by foreign food giants as they have expanded into every corner of China’s agriculture.
Goldman Sachs recently invested US$300 million to acquired full control of more than 10 poultry farms in China.
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