Private equity backed US peach farm files for bankruptcy to pursue sale
- Reuters
- 13 October 2023
Four years after a private equity firm merged two of the nation’s largest peach farmers into a single entity, the firm is basically worthless.
Four years after a private equity firm merged two of the nation’s largest peach farmers into a single entity, the firm is basically worthless.
A California county board of supervisors voted to uphold a decision rejecting a project to construct three water storage reservoirs on former Harvard University land holdings in central California.
Stop Harvard Land Grabs continues to demand that Harvard give full transparency about its land investments, return land back to communities, pay reparations, and adopt a policy against future farmland investments.
In the US, the National Family Farm Coalition is advocating for the Farmland For Farmers Act introduced by Senator Cory Booker in July of this year.
Cuyama Valley farmers and ranchers have launched a boycott of supermarket carrots to protest a water rights lawsuit that was filed against them by Bolthouse and Grimmway farms, major carrot farmers in the valley.
Financial players are moving aggressively to snatch up lands around the world with access to water for irrigation. Their strategy is to pump as much water as they can and as fast as they can into the production of crops that reap high prices in export markets.
Fears of China buying up farmland in the United States have been grabbing headlines despite the fact that China owns less than 1 percent of foreign-owned land.
Corporate and property records show a winding path of ownership for the lands of the Al Dahra farm that leads from the city of Phoenix to an investment fund that includes the Arizona State Retirement System.
The state’s retirement system invested heavily in a private land deal that allowed a foreign company to effectively ship Arizona’s scarce water supply overseas.
La Chine est en fait très loin de la première place occupée par les entreprises canadiennes, qui possèdent plus de 4,8 millions d'hectares de terres agricoles aux États-Unis, selon le ministère de l'Agriculture.
The Farmland for Farmers Act, in banning corporations from purchasing farmland, improves the chances for beginning, small-scale producers to access land and produce food for themselves and their communities.
Pension funds, Wall Street investors, and other well-funded entities and individuals looking for good investments have been buying up domestic farmland. Their goal is profit, not food production or stewardship of natural resources.