Only about 0.5pc of land comes up for sale nationally every year and it’s estimated up to a quarter of this is bought by non-farmers. Even if they don’t get the land, they are turning up at auctions and pushing prices well beyond the realms of most farmers.
Rural 'vulture' funds have been attracted by rising profits in land where prices rose by 15% last year, and the biggest losers in this game of investment chess are young and active farmers looking for more land.
In Ireland, vulture funds and lenders are following a more aggressive strategy since the end of Covid-19 moratorium on forced sales
FrieslandCampina WAMCO and Neon Agro have agreed to acquire 10,000 hectares of land each, while Irish Dairy are to develop 4,000 hectares for their local milk production project.
Trócaire’s new report highlights how corporate greed is leading to land being taken, forests cut down, rivers poisoned. Those who stand up to defend their rights are being harassed, intimidated, even murdered.
Liu Yonghao, chairman of China’s agrichemical business New Hope has joined a brood of bidders for a £1bn takeover of Northern Irish poultry giant Moy Park.
Hundreds of farms in Ireland face repossession this year as so-called vulture funds swoop on indebted properties, agri-finance experts have warned.
Sumitomo Corp. agreed to buy Dublin-based Fyffes Plc for €751 million ($798 million) in cash, expanding the company’s reach in the global fruit market and sending the Irish producer’s shares soaring.
De nombreux partenariats avec des investisseurs étrangers sont en cours dans le domaine agricole, se félicite le directeur de l’organisation foncière au ministère de l'Agriculture algérien
Un groupe financier irlandais met la main sur les terres charentais et les font cultiver par un entrepreneur agricole. "Il passe une fois de temps en temps avec un tracteur de 300 chevaux et c’est tout», râle un élu, impuissant.
Ce projet présenté par des investisseurs irlandais et britanniques prévoit la création de 12 fermes de 3000 vaches laitières chacune réparties sur superficie de 120 000 ha et le développement de la filière fourragère en Algérie.
A group of foreign financiers is examining the possibility of investing up to €50m in Irish dairy production, it has been revealed.
