Asia's great land grab
- RFA
- 26 February 2014
Rising tension over land seizures is emerging as a critical issue in Asia. An RFA special report examines the changing dynamic of Asia’s Great Land Grab.
Rising tension over land seizures is emerging as a critical issue in Asia. An RFA special report examines the changing dynamic of Asia’s Great Land Grab.
The country is pinning its hopes on foreign companies, like trading giant Louis Dreyfus Commodities, with which it has signed agreements under which the firms will oversee rice output and marketing in 10 production zones.
Vietnam and China lead the pack of foreign companies granted economic land concessions in Cambodia for agro-industrial development by a wide margin.
A $50 million commitment was made to ACM Permanent Crops, a fund managed by Agriculture Capital Management that seeks “superior value creation from vertically integrated, sustainable farming.”
The largest agricultural landholder in Uruguay has acquired the totality of the Uruguayan assets of international agriculture group El Tejar, the second largest agribusiness in the country.
The target is 500,000 hectares by 2020, nearly four times the current level.
AIM-listed Paragon acquires 10% shareholding in Paragon Volta Limited, which is in the process of finalising a sublease over 5,000 ha close to the River Volta in Ghana from a much larger farm land estate.
The Russian farm operator unveiled a loss of $18.1m for 2013, compared with earnings of $7.49m in 2012 – the only profitable year in the company's nine year history.
African Land Limited sold itself on the back of a promise that its rice farms in Sierra Leone could turn “a tidy profit of 15% a year”.
In return for corporate investment and aid, African states are reforming policies to make it easier for corporations to operate in their farming sectors.
Citizens of Sinoe County have filed a complaint to the RSPO, an overall body of Palm Oil Worldwide, to stop Golden Veroleum Liberia's (GVL) ongoing operations of land clearing in their towns and villages.
Critics of the initiative, however, fear the commercialisation of agriculture will not benefit small-scale farmers